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OREO (Tables)
9 Months Ended
Sep. 30, 2017
OREO  
Summary of activities relating to OREO

 

The following table summarizes activity related to OREO (dollars in thousands):

 

 

 

Nine Months Ended
September 30, 2017

 

Year Ended
December 31, 2016

 

Beginning balance

 

$

2,518

 

$

783

 

Additions, transfers from loans

 

477

 

2,775

 

Additions, fair value from Pulaski acquisition

 

 

2,488

 

Additions, fair value from First Community acquisition

 

722

 

 

Proceeds from sales of OREO

 

(4,069

)

(4,498

)

Gain on sales of OREO

 

1,566

 

999

 

Valuation allowance for OREO

 

(42

)

(29

)

 

 

 

 

 

 

Ending balance

 

$

1,172

 

$

2,518