Other Real Estate Owned (Notes)

9 Months Ended

Sep. 30, 2020

Banking And Thrift Other Disclosures [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 nine months ended September 30, 2020 and 2019 and the year ended December 31, 2019:

	Nine Months Ended			Year Ended			Nine Months Ended
	September 30,			December 31,			September 30,
	2020			2019			2019
	(in thousands)
Balance, beginning	$	183		$	106		$	106
Transfer from loans		310			1,151			819
Gain on foreclosures		132			192			192
Sales		(183	)		(1,266	)		(106	)
Valuation adjustments		—			—			(569	)
Balance, ending	$	442		$	183		$	442

The major classifications of other real estate owned in the consolidated balance sheets at September 30, 2020 and December 31, 2019 were as follows:

	September 30, 2020		December 31, 2019
	(in thousands)
Construction and Farmland	$	—	$	—
Residential Real Estate		—		183
Commercial Real Estate		442		—
Subtotal	$	442	$	183
Less valuation allowance		—		—
Total	$	442	$	183

There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure at September 30, 2020.  There were two consumer mortgage loans totaling $334 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2019.