Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2020

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
March 31, 2020
Residential real estate	$	649	$	1,012	$	1,661
Commercial real estate	2,058		1,353		3,411
Residential land development	572		387		959
Commercial land development	2,151		489		2,640
Total	$	5,430	$	3,241	$	8,671
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

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, 2020	$	5,248		$	2,762		$	8,010
Transfers of loans	754			886			1,640
Impairments	(178		)	(19		)	(197		)
Dispositions	(394		)	(388		)	(782		)
Balance at March 31, 2020	$	5,430		$	3,241		$	8,671

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
	March 31,
	2020			2019
Repairs and maintenance	$	86		$	95
Property taxes and insurance	133			107
Impairments	197			727
Net losses on OREO sales	12			80
Rental income	(10		)	(5		)
Total	$	418		$	1,004