Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2022
Residential real estate	$	44	$	1,207	$	1,251
Commercial real estate	39		62		101
Residential land development	257		4		261
Commercial land development	1,135		59		1,194
Total	$	1,475	$	1,332	$	2,807
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		1,248		1,284
Impairments	(51)		—		(51)
Dispositions	(98)		(869)		(967)
Other	(1)		2		1
Balance at June 30, 2022	$	1,475	$	1,332	$	2,807

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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Repairs and maintenance	$	17	$	22	$	20	$	42
Property taxes and insurance	27		37		62		48
Impairments	37		47		51		117
Net (gains) losses on OREO sales	(266)		6		(557)		(50)
Rental income	(2)		(8)		(4)		(12)
Total	$	(187)	$	104	$	(428)	$	145