XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.2
Other Real Estate Owned and Repossessed Assets (Tables)
 6 Months Ended
Jun. 30, 2021
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 table summarizes foreclosed property activity as of the six months ended June 30, 2021 and 2020:

 

 

 

June 30,

2021

 

 

June 30,

2020

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

949

 

 

$

1,078

 

Additions (1)

 

 

—

 

 

 

293

 

Sales proceeds

 

 

(142

)

 

 

(358

)

Gross gains

 

 

56

 

 

 

38

 

Gross losses

 

 

—

 

 

 

(38

)

Net gains

 

 

56

 

 

 

—

 

Impairment

 

 

(17

)

 

 

(10

)

Ending balance

 

$

846

 

 

$

1,003

 

 

 

(1)

Additions to other real estate owned (“OREO”) include transfers from loans, other assets and capitalized improvements to existing OREO properties.
Summary of Repossessed Assets Activity The following table summarizes repossessed asset activity as of the six months ended June 30, 2021 and 2020:

 

 

June 30,

2021

 

 

June 30,

2020

 

 

 

(Dollars in Thousands)

 

Beginning balance

 

$

245

 

 

$

256

 

Transfers from loans

 

 

515

 

 

 

561

 

Sales proceeds

 

 

(588

)

 

 

(270

)

Gross gains

 

 

—

 

 

 

—

 

Gross losses

 

 

(67

)

 

 

(286

)

Net losses

 

 

(67

)

 

 

(286

)

Impairment

 

 

—

 

 

 

—

 

Ending balance

 

$

105

 

 

$

261