Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 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
September 30, 2020
Residential real estate	$	754	$	1,116	$	1,870
Commercial real estate	1,605		798		2,403
Residential land development	345		1,324		1,669
Commercial land development	1,873		338		2,211
Total	$	4,577	$	3,576	$	8,153
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	3,486		4,401		7,887
Impairments	(1,232)		(415)		(1,647)
Dispositions	(2,875)		(3,172)		(6,047)
Other	(50)		—		(50)
Balance at September 30, 2020	$	4,577	$	3,576	$	8,153

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				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Repairs and maintenance	$	64	$	94	$	234	$	306
Property taxes and insurance	35		43		186		169
Impairments	820		253		1,647		1,121
Net losses on OREO sales	117		31		27		91
Rental income	(3)		(3)		(23)		(13)
Total	$	1,033	$	418	$	2,071	$	1,674