Other Real Estate and Repossessed Assets Acquired in Settlement of Loans (Tables)

9 Months Ended

Sep. 30, 2019

Other Real Estate and Repossessed Assets Acquired in Settlement of Loans

Schedule of summary of real estate and other assets acquired in settlement of loans

	September 30,		December 31,
(in thousands)	2019		2018
Commercial	$	1,155	$	1,168
Real estate construction - residential		—		179
Real estate construction - commercial		11,553		12,101
Real estate mortgage - residential		286		336
Real estate mortgage - commercial		2,871		2,909
Total	$	15,865	$	16,693
Less valuation allowance for other real estate owned		(2,987)		(3,002)
Total other real estate owned	$	12,878	$	13,691

Schedule of changes in the net carrying amount of other real estate owned and repossessed assets

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Balance at beginning of period	$	16,066	$	16,453	$	16,693	$	16,598
Additions		68		207		411		589
Proceeds from sales		(352)		(68)		(1,277)		(372)
Charge-offs against the valuation allowance for other real estate owned, net		—		(20)		(64)		(245)
Net gain (loss) on sales		83		(2)		102		—
Total other real estate owned	$	15,865	$	16,570	$	15,865	$	16,570
Less valuation allowance for other real estate owned		(2,987)		(3,002)		(2,987)		(3,002)
Balance at end of period	$	12,878	$	13,568	$	12,878	$	13,568

Schedule of summary of activity in valuation allowance for other real estate owned

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Balance, beginning of period	$	2,956	$	3,022	$	3,002	$	3,221
Provision for other real estate owned		31		—		49		26
Charge-offs		—		(20)		(64)		(245)
Balance, end of period	$	2,987	$	3,002	$	2,987	$	3,002