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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2019
Other Real Estate Owned [Abstract] |
Other Real Estate Owned | Note 6 - Other real estate owned At December 31, 2019 and 2018, OREO was $2,339 and $2,430 respectively. OREO is primarily comprised of residential properties and non-residential properties associated with commercial relationships. As of December 31, 2019 and 2018 respectively, there were no consumer mortgage loans secured by residential real estate that were in the process of foreclosure. The following table represents the changes in OREO balance in 2019 and 2018.
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OREO Changes
﻿ | Year Ended December 31,
﻿ | 2019 | 2018
﻿Balance at the beginning of the year | $2,430 | $2,650
﻿Transfers from Loans | 785 | 850
﻿Capitalized costs | - | -
﻿Valuation adjustments | (287) | (185)
﻿Sales | (570) | (846)
﻿Gain (loss) on sales | (19) | (39)
﻿Balance at the end of the year | $2,339 | $2,430
﻿ There were four residential properties being carried in OREO at a value of $325 as of December 31, 2019. There were four residential properties being carried in OREO at a value of $156 as of December 31, 2018.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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