XML 25 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Other Real Estate Owned
 9 Months Ended
Sep. 30, 2020
Repossessed Assets [Abstract]  
Other Real Estate Owned Other Real Estate Owned
    
Other real estate owned is a category of real estate owned by the Company as a result of a default by the borrower. Information with respect to the Company’s other real estate owned follows:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Beginning balance$6.5 $27.5 $8.5 $14.4 
OREO acquired through acquisition — — — 2.4 
Additions2.0 0.7 3.2 14.0 
Valuation adjustments(0.1)(0.2)(0.1)(0.7)
Dispositions(2.7)(10.2)(5.9)(12.3)
Ending balance$5.7 $17.8 $5.7 $17.8 
The carrying values of foreclosed residential real estate properties included in other real estate owned were $2.3 million and $2.3 million as of September 30, 2020 and December 31, 2019, respectively. The Company had recorded investments in consumer mortgage loans secured by residential real estate for which formal foreclosure proceedings were in process of foreclosure of $0.2 million and $1.4 million as of September 30, 2020 and December 31, 2019, respectively.