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Other Real Estate Owned ("OREO") (Tables)
 3 Months Ended
Mar. 31, 2019
Other Real Estate Owned ("OREO") [Abstract]  
Analysis of OREO activity

OREO assets are presented net of the valuation allowance. The Company considers OREO as classified assets for regulatory and financial reporting. OREO carrying amounts reflect management’s estimate of the realizable value of these properties incorporating current appraised values, local real estate market conditions and related costs. An analysis of OREO activity follows.

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

    

 

Years Ended December 31, 

(dollars in thousands)

    

2019

    

2018

    

    

2018

Balance at beginning of year

 

$

8,111

 

$

9,341

 

 

$

9,341

Additions of underlying property

 

 

3,215

 

 

101

 

 

 

307

Disposals of underlying property

 

 

(316)

 

 

 —

 

 

 

(1,005)

Valuation allowance

 

 

(61)

 

 

(90)

 

 

 

(532)

Balance at end of period

 

$

10,949

 

$

9,352

 

 

$

8,111

 

Expenses applicable to OREO assets

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

(dollars in thousands)

    

2019

    

2018

Valuation allowance

 

$

61

 

$

90

Losses (gains) on dispositions

 

 

(10)

 

 

 —

Operating expenses

 

 

 5

 

 

24

 

 

$

56

 

$

114