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Other Real Estate Owned ("OREO") (Tables)
 12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
Analysis of OREO activity
OREO assets are presented net of the allowance for losses. 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 the activity follows.
(dollars in thousands)
 
Years Ended December 31,
 
2019
 
2018
Balance at beginning of year
 
$
8,111

 
$
9,341

Additions of underlying property
 
3,567

 
307

Disposals of underlying property
 
(3,004
)
 
(1,005
)
Valuation allowance
 
(901
)
 
(532
)
Balance at end of period
 
$
7,773

 
$
8,111
Expenses applicable to OREO assets
Expenses applicable to OREO assets included the following.
(dollars in thousands)
 
Years Ended December 31,
 
2019
 
2018
 
2017
Valuation allowance
 
$
901

 
$
532

 
$
600

Losses (gains) on dispositions
 
(188
)
 
8

 
(43
)
Operating expenses
 
250

 
117

 
146

 
 
$
963

 
$
657

 
$
703