XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.19.2

Note 6 - Other Real Estate Owned and Repossessions | 6 Months Ended
--- | ---
Jun. 30, 2019
Notes to Financial Statements |
Real Estate Owned [Text Block] |
6. | OTHER REAL ESTATE OWNED AND REPOSSESSIONS
Other Real Estate Owned Other real estate and certain other assets acquired in foreclosure are reported at the net realizable value of the property, less estimated costs to sell. The following tables summarize foreclosed property activity as of the six months ended June 30, 2019 and 2018:
|  | June 30 , 2019 |
|  | Bank |  |  | ALC |  |  | Total |
|  | (Dollars in Thousands) |
Beginning balance |  | $ | 1,401 |  |  | $ | 104 |  |  | $ | 1,505 |
Additions (1) |  |  | 224 |  |  |  | 38 |  |  |  | 262 |
Sales proceeds |  |  | (404 | ) |  |  | (79 | ) |  |  | (483 | )
Gross gains |  |  | 37 |  |  |  | 2 |  |  |  | 39 |
Gross losses |  |  | — |  |  |  | (27 | ) |  |  | (27 | )
Net gains (losses) |  |  | 37 |  |  |  | (25 | ) |  |  | 12 |
Impairment |  |  | — |  |  |  | (38 | ) |  |  | (38 | )
Ending balance |  | $ | 1,258 |  |  | $ | — |  |  | $ | 1,258 |
|  | June 30 , 2018 |
|  | Bank |  |  | ALC |  |  | Total |
|  | (Dollars in Thousands) |
Beginning balance |  | $ | 3,527 |  |  | $ | 265 |  |  | $ | 3,792 |
Additions (1) |  |  | 106 |  |  |  | 25 |  |  |  | 131 |
Sales proceeds |  |  | (1,598 | ) |  |  | (43 | ) |  |  | (1,641 | )
Gross gains |  |  | 121 |  |  |  | — |  |  |  | 121 |
Gross losses |  |  | (45 | ) |  |  | (54 | ) |  |  | (99 | )
Net gains (losses) |  |  | 76 |  |  |  | (54 | ) |  |  | 22 |
Impairment |  |  | (109 | ) |  |  | (14 | ) |  |  | (123 | )
Ending balance |  | $ | 2,002 |  |  | $ | 179 |  |  | $ | 2,181 |
( 1 ) Additions to other real estate owned (“OREO”) include transfers from loans and capitalized improvements to existing OREO properties. Valuation adjustments are recorded in other non-interest expense and are primarily post-foreclosure write-downs that are a result of continued declining property values based on updated appraisals or other indications of value, such as offers to purchase. Net realizable value less estimated costs to sell of foreclosed residential real estate held by the Company wa s $0.1 million an d $0.5 million as of June 30, 2019 and 2018, respectively. In addition, the Company did not hold any consumer mortgage loans collateralized by residential real estate that were in the process of foreclosure as of June 30, 2019 and held $48 thousand of these loans as of June 30, 2018. Repossessions In addition to the other real estate and other assets acquired in foreclosure, the Bank and ALC also acquire assets through the repossession of the underlying collateral of loans in default. Total repossessed assets as of both June 30, 2019 and December 31, 2018 wer e $0.2 million.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522 + Details
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration