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Other Real Estate Owned (Notes)
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Real Estate Owned [Text Block]
NOTE 24. Other Real Estate Owned

The following table is a summary of other real estate owned (OREO) activity for the twelve months ended December 31, 2019 and 2018:

 
Year Ended
 
Year Ended
 
December 31,
 
December 31,
 
2019
 
2018
 
 
Balance, beginning
$
106

 
$
106

    Net loans transferred to OREO
1,151

 
2,799

    Gain on foreclosure
192

 
—

    Sales
(1,266
)
 
(2,799
)
    Valuation adjustments
—

 
—

Balance, ending
$
183

 
$
106



The major classifications of other real estate owned in the consolidated balance sheets at December 31, 2019 and 2018 were as follows:
 
As of
 
December 31, 2019
 
December 31, 2018
 
(in thousands)
Construction and Farmland
$
—

 
$
106

Residential Real Estate
183

 
—

Commercial Real Estate
—

 
—

Subtotal
$
183

 
$
106

Less valuation allowance
—

 
—

Total
$
183

 
$
106



There were two consumer mortgage loans totaling $334 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2019. There was one consumer mortgage loan totaling $71 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2018.