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Other Real Estate Owned
 9 Months Ended
Sep. 30, 2019
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
September 30, 2019
 
 
 
 
 
Residential real estate
$
907

 
$
97

 
$
1,004

Commercial real estate
3,049

 
908

 
3,957

Residential land development
530

 
369

 
899

Commercial land development
1,730

 
601

 
2,331

Total
$
6,216

 
$
1,975

 
$
8,191

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 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
2,424

 
1,189

 
3,613

Impairments
(804
)
 
(317
)
 
(1,121
)
Dispositions
(1,591
)
 
(3,750
)
 
(5,341
)
Balance at September 30, 2019
$
6,216

 
$
1,975

 
$
8,191



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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Repairs and maintenance
$
94

 
$
74

 
$
306

 
$
242

Property taxes and insurance
43

 
38

 
169

 
187

Impairments
253

 
380

 
1,121

 
1,129

Net (gains) losses on OREO sales
31

 
(213
)
 
91

 
(356
)
Rental income
(3
)
 
(1
)
 
(13
)
 
(35
)
Total
$
418

 
$
278

 
$
1,674

 
$
1,167