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Other Real Estate Owned and Repossessions (Tables)
 9 Months Ended
Sep. 30, 2019
Other Real Estate [Abstract]  
Summary of Foreclosed Property Activity

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 nine months ended September 30, 2019 and 2018:

 

 

 

September 30, 2019

 

 

 

Bank

 

 

ALC

 

 

Total

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

1,401

 

 

$

104

 

 

$

1,505

 

Additions (1)

 

 

224

 

 

 

88

 

 

 

312

 

Sales proceeds

 

 

(443

)

 

 

(80

)

 

 

(523

)

Gross gains

 

 

37

 

 

 

2

 

 

 

39

 

Gross losses

 

 

(21

)

 

 

(26

)

 

 

(47

)

Net gains (losses)

 

 

16

 

 

 

(24

)

 

 

(8

)

Impairment

 

 

—

 

 

 

(38

)

 

 

(38

)

Ending balance

 

$

1,198

 

 

$

50

 

 

$

1,248

 

 

 

 

September 30, 2018

 

 

 

Bank

 

 

ALC

 

 

Total

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

3,527

 

 

$

265

 

 

$

3,792

 

Additions (1)

 

 

191

 

 

 

58

 

 

 

249

 

Sales proceeds

 

 

(2,453

)

 

 

(77

)

 

 

(2,530

)

Gross gains

 

 

267

 

 

 

8

 

 

 

275

 

Gross losses

 

 

(46

)

 

 

(54

)

 

 

(100

)

Net gains (losses)

 

 

221

 

 

 

(46

)

 

 

175

 

Impairment

 

 

(167

)

 

 

(30

)

 

 

(197

)

Ending balance

 

$

1,319

 

 

$

170

 

 

$

1,489

 

 

 

(1)

Additions to other real estate owned (“OREO”) include transfers from loans and capitalized improvements to existing OREO properties.