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Other Real Estate Owned (Notes)
 12 Months Ended
Dec. 31, 2017
Banking and Thrift [Abstract]  
Real Estate Owned [Text Block]
NOTE 25. Other Real Estate Owned

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

 
Year Ended
 
Year Ended
 
December 31,
 
December 31,
 
2017
 
2016
 
 
Balance, beginning
$
370

 
$
571

    Net loans transferred to OREO
53

 
666

    Sales
(317
)
 
(890
)
    Valuation adjustments
—

 
23

Balance, ending
$
106

 
$
370



The major classifications of other real estate owned in the consolidated balance sheets at December 31, 2017 and 2016 were as follows:
 
As of
 
December 31, 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 December 31, 2017. There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure at December 31, 2016.