Other Real Estate Owned (Notes)

3 Months Ended

Mar. 31, 2019

Banking and Thrift [Abstract]

Real Estate Owned

NOTE 11. Other Real Estate Owned

The following table is a summary of other real estate owned (OREO) activity for the three months endedMarch 31, 2019 and 2018 and the year ended December 31, 2018:

	Three Months Ended		Year Ended			Three Months Ended
	March 31,		December 31,			March 31,
	2019		2018			2018
	(in thousands)
Balance, beginning	$	106	$	106		$	106
Transfers from loans	—		2,799			2,799
Gain on foreclosure	—		397			397
Sales	—		(1,927		)	—
Valuation adjustments	—		(1,269		)	—
Balance, ending	$	106	$	106		$	3,302

The major classifications of other real estate owned in the consolidated balance sheets at March 31, 2019 and December 31, 2018 were as follows:

	As of
	March 31, 2019		December 31, 2018
	(in thousands)
Construction and Farmland	$	106	$	106
Residential Real Estate	—		—
Commercial Real Estate	—		—
Subtotal	$	106	$	106
Less valuation allowance	—		—
Total	$	106	$	106

There were three consumer mortgage loans totaling $699 thousand collateralized by residential real estate in the process of foreclosure at March 31, 2019. There was one consumer mortgage loan totaling $71 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2018.