XML 31 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Real Estate Owned (Notes)
 9 Months Ended
Sep. 30, 2017
Banking and Thrift [Abstract]  
Real Estate Owned
NOTE 12. Other Real Estate Owned

The following table is a summary of other real estate owned (OREO) activity for the nine months ended September 30, 2017 and 2016 and the year ended December 31, 2016:

 
Nine Months Ended
 
Year Ended
 
Nine Months Ended
 
September 30,
 
December 31,
 
September 30,
 
2017
 
2016
 
2016
 
(in thousands)
Balance, beginning
$
370

 
$
571

 
$
571

    Net loans transferred to OREO
53

 
666

 
701

    Sales
(317
)
 
(890
)
 
(409
)
    Valuation adjustments
—

 
23

 
—

Balance, ending
$
106

 
$
370

 
$
863



The major classifications of other real estate owned in the consolidated balance sheets at September 30, 2017 and December 31, 2016 were as follows:

 
As of
 
September 30, 2017
 
December 31, 2016
 
(in thousands)
Construction and Farmland
$
106

 
$
155

Residential Real Estate
—

 
215

Commercial Real Estate
—

 
—

Subtotal
$
106

 
$
370

Less valuation allowance
—

 
—

Total
$
106

 
$
370



There was one consumer mortgage loan totaling $4.1 million collateralized by residential real estate in the process of foreclosure at September 30, 2017. There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure at December 31, 2016.