Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2018
Residential real estate	$	543	$	1,540	$	2,083
Commercial real estate	3,257		1,484		4,741
Residential land development	724		605		1,329
Commercial land development	4,482		1,069		5,551
Total	$	9,006	$	4,698	$	13,704
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	515			1,776			2,291
Impairments	(455		)	(294		)	(749		)
Dispositions	(2,576		)	(1,193		)	(3,769		)
Other	(2		)	(1		)	(3		)
Balance at June 30, 2018	$	9,006		$	4,698		$	13,704

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						Six Months Ended
	June 30,						June 30,
	2018			2017			2018			2017
Repairs and maintenance	$	55		$	199		$	168		$	396
Property taxes and insurance	37			76			149			408
Impairments	397			379			749			757
Net losses (gains) on OREO sales	(239		)	189			(143		)	(138		)
Rental income	(18		)	(62		)	(34		)	(110		)
Total	$	232		$	781		$	889		$	1,313