Other Real Estate Owned (Notes)

12 Months Ended

Dec. 31, 2018

Banking and Thrift [Abstract]

Real Estate Owned [Text Block]

NOTE 24. Other Real Estate Owned

The following table is a summary of other real estate owned (OREO) activity for the twelve months ended December 31, 2018 and 2017:

	Year Ended			Year Ended
	December 31,			December 31,
	2018			2017
Balance, beginning	$	106		$	370
Net loans transferred to OREO	2,799			53
Sales	(2,799		)	(317		)
Valuation adjustments	—			—
Balance, ending	$	106		$	106

The major classifications of other real estate owned in the consolidated balance sheets at December 31, 2018 and 2017 were as follows:

	As of
	December 31, 2018		December 31, 2017
	(in thousands)
Construction and Farmland	$	106	$	106
Residential Real Estate	—		—
Commercial Real Estate	—		—
Subtotal	$	106	$	106
Less valuation allowance	—		—
Total	$	106	$	106

There was one consumer mortgage loan totaling $71 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2018. There was one consumer mortgage loan totaling $4.1 million collateralized by residential real estate in the process of foreclosure at December 31, 2017.