Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022
Residential real estate	$	44	$	332	$	376
Commercial real estate	39		136		175
Residential land development	291		4		295
Commercial land development	1,157		59		1,216
Total	$	1,531	$	531	$	2,062
December 31, 2021
Residential real estate	$	93	$	166	$	259
Commercial real estate	39		722		761
Residential land development	301		4		305
Commercial land development	1,156		59		1,215
Total	$	1,589	$	951	$	2,540

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, 2022	$	1,589	$	951	$	2,540
Transfers of loans	36		164		200
Impairments	(14)		—		(14)
Dispositions	(79)		(586)		(665)
Other	(1)		2		1
Balance at March 31, 2022	$	1,531	$	531	$	2,062

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,
	2022		2021
Repairs and maintenance	$	3	$	20
Property taxes and insurance	35		11
Impairments	14		70
Net gains on OREO sales	(291)		(56)
Rental income	(2)		(4)
Total	$	(241)	$	41