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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2017
Real Estate [Abstract]  
Summary of Other Real Estate Owned

The following table summarizes other real estate owned for the three and nine months ended September 30, 2017 and 2016:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Balance at beginning of period

 

$

6,370

 

 

$

9,902

 

 

$

7,403

 

 

$

11,641

 

Transfers from loans

 

 

1,796

 

 

 

460

 

 

 

2,958

 

 

 

2,636

 

Acquired through merger with the Clayton Banks (1)

 

 

6,888

 

 

 

 

 

 

6,888

 

 

 

 

Properties sold

 

 

(1,152

)

 

 

(3,044

)

 

 

(4,082

)

 

 

(6,558

)

Gain on sale of other real estate owned

 

 

93

 

 

 

1,680

 

 

 

1,041

 

 

 

1,749

 

Transferred to loans

 

 

(165

)

 

 

 

 

 

(201

)

 

 

(259

)

Write-downs and partial liquidations

 

 

(18

)

 

 

(34

)

 

 

(195

)

 

 

(245

)

Balance at end of period

 

$

13,812

 

 

$

8,964

 

 

$

13,812

 

 

$

8,964