Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2018

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
March 31, 2018
Residential real estate	$	1,061	$	1,087	$	2,148
Commercial real estate	3,593		1,572		5,165
Residential land development	698		1,045		1,743
Commercial land development	4,402		1,097		5,499
Total	$	9,754	$	4,801	$	14,555
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

Changes in purchased and non purchased OREO

Changes in the Company’s purchased and non purchased OREO were as follows:

	Purchased OREO			Non Purchased OREO			Total OREO
Balance at January 1, 2018	$	11,524		$	4,410		$	15,934
Transfers of loans	39			1,115			1,154
Impairments	(305		)	(47		)	(352		)
Dispositions	(1,504		)	(677		)	(2,181		)
Balance at March 31, 2018	$	9,754		$	4,801		$	14,555

Components of OREO in the Consolidated Statements of Income

Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:

	Three Months Ended
	March 31,
	2018			2017
Repairs and maintenance	$	113		$	197
Property taxes and insurance	112			332
Impairments	352			378
Net losses (gains) on OREO sales	96			(327		)
Rental income	(16		)	(48		)
Total	$	657		$	532