Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019
Residential real estate	$	3,848	$	1,331	$	5,179
Commercial real estate	659		945		1,604
Residential land development	168		855		1,023
Commercial land development	583		344		927
Total	$	5,258	$	3,475	$	8,733
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

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, 2019	$	6,187		$	4,853		$	11,040
Transfers of loans	969			827			1,796
Impairments	(599		)	(269		)	(868		)
Dispositions	(1,299		)	(1,936		)	(3,235		)
Balance at June 30, 2019	$	5,258		$	3,475		$	8,733

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,
	2019			2018			2019			2018
Repairs and maintenance	$	116		$	55		$	211		$	168
Property taxes and insurance	19			37			126			149
Impairments	140			397			868			749
Net (gains) losses on OREO sales	(19		)	(239		)	60			(143		)
Rental income	(4		)	(18		)	(9		)	(34		)
Total	$	252		$	232		$	1,256		$	889