Other Real Estate Owned (Tables)

9 Months Ended

Sep. 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
September 30, 2022
Residential real estate	$	173	$	740	$	913
Commercial real estate	—		62		62
Residential land development	242		4		246
Commercial land development	1,130		61		1,191
Total	$	1,545	$	867	$	2,412
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	190		1,638		1,828
Impairments	(96)		(14)		(110)
Dispositions	(137)		(1,710)		(1,847)
Other	(1)		2		1
Balance at September 30, 2022	$	1,545	$	867	$	2,412

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,
	2022		2021		2022		2021
Repairs and maintenance	$	24	$	17	$	44	$	60
Property taxes and insurance	7		6		69		54
Impairments	59		173		110		290
Net (gains) losses on OREO sales	(54)		(24)		(611)		(74)
Rental income	(2)		(4)		(6)		(17)
Total	$	34	$	168	$	(394)	$	313