Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021
Residential real estate	$	127	$	376	$	503
Commercial real estate	858		1,813		2,671
Residential land development	311		4		315
Commercial land development	1,157		59		1,216
Total	$	2,453	$	2,252	$	4,705
December 31, 2020
Residential real estate	$	72	$	107	$	179
Commercial real estate	1,741		924		2,665
Residential land development	337		676		1,013
Commercial land development	1,777		338		2,115
Total	$	3,927	$	2,045	$	5,972

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, 2021	$	3,927	$	2,045	$	5,972
Transfers of loans	1,047		2,124		3,171
Impairments	(220)		(70)		(290)
Dispositions	(2,171)		(1,836)		(4,007)
Other	(130)		(11)		(141)
Balance at September 30, 2021	$	2,453	$	2,252	$	4,705

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,
	2021		2020		2021		2020
Repairs and maintenance	$	17	$	64	$	60	$	234
Property taxes and insurance	6		35		54		186
Impairments	173		820		290		1,647
Net (gains) losses on OREO sales	(24)		117		(74)		27
Rental income	(4)		(3)		(17)		(23)
Total	$	168	$	1,033	$	313	$	2,071