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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2017
Real Estate [Abstract]  
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of valuation allowances and direct write-downs, as of the dates presented:
 
Purchased OREO
 
Non Purchased OREO
 
Total
OREO
December 31, 2017
 
 
 
 
 
Residential real estate
$
1,683

 
$
758

 
$
2,441

Commercial real estate
4,314

 
1,624

 
5,938

Residential land development
1,100

 
781

 
1,881

Commercial land development
4,427

 
1,247

 
5,674

Total
$
11,524

 
$
4,410

 
$
15,934

December 31, 2016
 
 
 
 
 
Residential real estate
$
2,230

 
$
699

 
$
2,929

Commercial real estate
6,401

 
1,680

 
8,081

Residential land development
2,344

 
1,688

 
4,032

Commercial land development
6,395

 
1,862

 
8,257

Total
$
17,370

 
$
5,929

 
$
23,299
Changes in OREO covered and not covered under a loss-share agreement
Changes in the Company’s purchased and non purchased OREO were as follows for the periods presented:
 
Purchased OREO
 
Non Purchased OREO
 
Total
OREO
Balance at December 31, 2015
$
22,416

 
$
12,986

 
$
35,402

Purchased OREO
—

 
—

 
—

Transfers of loans
7,935

 
935

 
8,870

Impairments(1)
(1,631
)
 
(1,484
)
 
(3,115
)
Dispositions
(11,071
)
 
(6,458
)
 
(17,529
)
Other
(279
)
 
(50
)
 
(329
)
Balance at December 31, 2016
$
17,370

 
$
5,929

 
$
23,299

Purchased OREO
1,203

 
—

 
1,203

Transfers of loans
4,970

 
1,729

 
6,699

Impairments
(1,199
)
 
(694
)
 
(1,893
)
Dispositions
(10,438
)
 
(3,027
)
 
(13,465
)
Other
(382
)
 
473

 
91

Balance at December 31, 2017
$
11,524

 
$
4,410

 
$
15,934

(1)
Of the total impairment charges of $3,115 recorded for OREO in 2016, $3,018 was included in the Consolidated Statements of Income for the year ended December 31, 2016, while the remaining $97 increased the FDIC loss-share indemnification asset prior to the termination of the Company’s loss share agreements effective December 8, 2016.
Components of "Other real estate owned" in the Consolidated Statements of Income
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows, as of the dates presented:
 
December 31,
 
2017
 
2016
 
2015
Repairs and maintenance
$
728

 
$
962

 
$
840

Property taxes and insurance
423

 
1,374

 
809

Impairments
1,893

 
3,018

 
2,157

Net (gains) losses on OREO sales
(405
)
 
590

 
(582
)
Rental income
(169
)
 
(248
)
 
(179
)
Total
$
2,470

 
$
5,696

 
$
3,045