Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2021

Other Real Estate Owned [Abstract]

Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended September 30						Nine Months Ended September 30
(in thousands)	2021			2020			2021			2020
Beginning balance of other real estate owned	$	5,848		$	17,675		$	7,694		$	19,480
New assets acquired		644			238			895			2,100
Fair value adjustments		(132	)		(257	)		(637	)		(1,021	)
Sale of assets		(2,046	)		(2,070	)		(3,638	)		(4,973	)
Ending balance of other real estate owned	$	4,314		$	15,586		$	4,314		$	15,586

Major Classifications of Foreclosed Properties

The major classifications of foreclosed properties are shown in the following table:

(in thousands)	September 30 2021		December 31 2020
1-4 family	$	1,735	$	1,888
Construction/land development/other		564		1,069
Multifamily		88		88
Non-farm/non-residential		1,927		4,649
Total foreclosed properties	$	4,314	$	7,694