XML 33 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2016
Other Real Estate Owned [Abstract]  
Activity for Other Real Estate Owned
Activity for other real estate owned was as follows:

(in thousands)
 
March 31, 2016
  
March 31, 2015
 
Beginning balance of other real estate owned
 
$
40,674
  
$
36,776
 
New assets acquired
  
1,291
   
5,570
 
Capitalized costs
  
0
   
85
 
Fair value adjustments
  
(134
)
  
(64
)
Sale of assets
  
(2,846
)
  
(3,632
)
Ending balance of other real estate owned
 
$
38,985
  
$
38,735
 
Major Classifications of Foreclosed Properties
The major classifications of foreclosed properties are shown in the following table:

(in thousands)
 
March 31,
2016
  
December 31,
2015
 
1-4 family
 
$
7,393
  
$
7,493
 
Agricultural/farmland
  
339
   
116
 
Construction/land development/other
  
21,002
   
22,570
 
Multifamily
  
725
   
833
 
Non-farm/non-residential
  
9,526
   
9,662
 
Total foreclosed properties
 
$
38,985
  
$
40,674