XML 71 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Real Estate Owned
 12 Months Ended
Dec. 31, 2018
Real Estate [Abstract]  
Other Real Estate Owned
Other Real Estate Owned
(In Thousands)
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, 2018
 
 
 
 
 
Residential real estate
$
423

 
$
1,910

 
$
2,333

Commercial real estate
2,686

 
1,611

 
4,297

Residential land development
678

 
421

 
1,099

Commercial land development
2,400

 
911

 
3,311

Total
$
6,187

 
$
4,853

 
$
11,040

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 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, 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

Transfers of loans
906

 
2,920

 
3,826

Impairments
(1,021
)
 
(524
)
 
(1,545
)
Dispositions
(5,220
)
 
(1,907
)
 
(7,127
)
Other
(2
)
 
(46
)
 
(48
)
Balance at December 31, 2018
$
6,187

 
$
4,853

 
$
11,040


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,
 
2018
 
2017
 
2016
Repairs and maintenance
$
425

 
$
728

 
$
962

Property taxes and insurance
385

 
423

 
1,374

Impairments
1,545

 
1,893

 
3,018

Net (gains) losses on OREO sales
(423
)
 
(405
)
 
590

Rental income
(40
)
 
(169
)
 
(248
)
Total
$
1,892

 
$
2,470

 
$
5,696