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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2020
Banking And Thrift [Abstract]  
Change in Other Real Estate Owned

The following table presents the change in other real estate owned (“OREO”) for the three and nine months ended September 30, 2020 and 2019:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Beginning balance

 

$

8,652

 

 

$

6,531

 

 

$

9,896

 

 

$

5,041

 

Acquisitions of OREO through business

   combination

 

 

 

 

 

 

 

 

 

 

 

2,201

 

Net additions to OREO

 

 

41

 

 

 

704

 

 

 

127

 

 

 

1,240

 

Proceeds from sales of OREO

 

 

(224

)

 

 

(745

)

 

 

(874

)

 

 

(1,802

)

Gains (losses) on sales of OREO

 

 

(41

)

 

 

38

 

 

 

44

 

 

 

11

 

Valuation adjustments

 

 

(278

)

 

 

(26

)

 

 

(1,043

)

 

 

(189

)

   Ending balance

 

$

8,150

 

 

$

6,502

 

 

$

8,150

 

 

$

6,502