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Other Real Estate Owned
 12 Months Ended
Dec. 31, 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
December 31, 2019
 
 
 
 
 
Residential real estate
$
890

 
$
415

 
$
1,305

Commercial real estate
2,106

 
1,548

 
3,654

Residential land development
530

 
369

 
899

Commercial land development
1,722

 
430

 
2,152

Total
$
5,248

 
$
2,762

 
$
8,010

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 for the periods presented:
 
Purchased OREO
 
Non Purchased OREO
 
Total
OREO
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

Transfers of loans
2,287

 
2,477

 
4,764

Impairments
(890
)
 
(375
)
 
(1,265
)
Dispositions
(2,305
)
 
(4,193
)
 
(6,498
)
Other
(31
)
 
—

 
(31
)
Balance at December 31, 2019
$
5,248

 
$
2,762

 
$
8,010


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,
 
2019
 
2018
 
2017
Repairs and maintenance
$
326

 
$
425

 
$
728

Property taxes and insurance
343

 
385

 
423

Impairments
1,265

 
1,545

 
1,893

Net losses (gains) on OREO sales
94

 
(423
)
 
(405
)
Rental income
(15
)
 
(40
)
 
(169
)
Total
$
2,013

 
$
1,892

 
$
2,470