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Other Real Estate Owned and Repossessions (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2019 and 2018:

 

 

 

December 31, 2019

 

 

 

Bank

 

 

ALC

 

 

Total

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

1,401

 

 

$

104

 

 

$

1,505

 

Additions (1)

 

 

224

 

 

 

89

 

 

 

313

 

Sales proceeds

 

 

(582

)

 

 

(82

)

 

 

(664

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross gains

 

 

37

 

 

 

2

 

 

 

39

 

Gross losses

 

 

(51

)

 

 

(26

)

 

 

(77

)

Net gains (losses)

 

 

(14

)

 

 

(24

)

 

 

(38

)

Impairment

 

 

—

 

 

 

(38

)

 

 

(38

)

Ending balance

 

$

1,029

 

 

$

49

 

 

$

1,078

 

 

 

 

December 31, 2018

 

 

 

Bank

 

 

ALC

 

 

Total

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

3,527

 

 

$

265

 

 

$

3,792

 

Additions (1)

 

 

399

 

 

 

57

 

 

 

456

 

Sales proceeds

 

 

(2,567

)

 

 

(89

)

 

 

(2,656

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross gains

 

 

267

 

 

 

15

 

 

 

282

 

Gross losses

 

 

(46

)

 

 

(81

)

 

 

(127

)

Net gains (losses)

 

 

221

 

 

 

(66

)

 

 

155

 

Impairment

 

 

(179

)

 

 

(63

)

 

 

(242

)

Ending balance

 

$

1,401

 

 

$

104

 

 

$

1,505

 

 

 

(1)

Additions to OREO include transfers from loans, capitalized improvements to existing OREO properties and OREO acquired through acquisitions.