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Other Real Estate Owned, Net (Tables)
3 Months Ended
Mar. 31, 2020
Other Real Estate Owned, Net [Abstract]  
Schedule of Real Estate Properties



 

 

 

 

 

 



 

 

 

 

 

 

(in thousands)

 

March 31,
2020

 

December 31,
2019

Commercial real estate

 

$

2,256 

 

$

2,256 

Acquisition and development

 

 

1,708 

 

 

1,780 

Residential mortgage

 

 

76 

 

 

91 

Total OREO

 

$

4,040 

 

$

4,127 



Schedule of Activity in OREO Valuation Allowance



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,

(in thousands)

 

2020

 

2019

Balance beginning of period

 

$

1,790 

 

$

1,988 

Fair value write-down

 

 

26 

 

 

117 

Sales of OREO

 

 

(36)

 

 

(739)

Balance at end of period

 

$

1,780 

 

$

1,366 



Schedule of Components of OREO Expenses, Net



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,

(in thousands)

 

2020

 

2019

Gains on real estate, net

 

$

(10)

 

$

(30)

Fair value write-down, net

 

 

26 

 

 

117 

Expenses, net

 

 

34 

 

 

75 

Rental and other income

 

 

(50)

 

 

(19)

Total OREO expense, net

 

$

 —

 

$

143