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Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2017
Other Real Estate Owned [Abstract]  
Activity for Other Real Estate Owned
Activity for other real estate owned was as follows:

(in thousands)
 
March 31, 2017
  
March 31, 2016
 
Beginning balance of other real estate owned
 
$
35,856
  
$
40,674
 
New assets acquired
  
1,004
   
1,291
 
Capitalized costs
  
0
   
0
 
Fair value adjustments
  
(538
)
  
(134
)
Sale of assets
  
(510
)
  
(2,846
)
Ending balance of other real estate owned
 
$
35,812
  
$
38,985
 
Major Classifications of Foreclosed Properties
The major classifications of foreclosed properties are shown in the following table:

(in thousands)
 
March 31
2017
  
December 31
2016
 
1-4 family
 
$
6,048
  
$
6,210
 
Agricultural/farmland
  
90
   
93
 
Construction/land development/other
  
20,349
   
20,778
 
Multifamily
  
270
   
270
 
Non-farm/non-residential
  
8,907
   
8,505
 
Total foreclosed properties
 
$
35,664
  
$
35,856