Other Real Estate Owned (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
|---|
| Other Real Estate Owned [Abstract] |
|
| Schedule of Real Estate Properties |
The following table presents the components of OREO at September 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
(in thousands)
|
September 30, 2016
|
December 31, 2015
|
|
Commercial real estate
|
$
|
3,332
|
$
|
1,520
|
|
Acquisition and development
|
|
6,128
|
|
4,167
|
|
Residential mortgage
|
|
799
|
|
1,196
|
|
Total OREO
|
$
|
10,259
|
$
|
6,883
|
|
| Other Real Estate, Roll Forward |
The following table presents the activity in the OREO valuation allowance for the nine- and three-month periods ended September 30, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended
|
For the Three Months Ended
|
|
|
September 30,
|
September 30,
|
|
(in thousands)
|
2016
|
2015
|
2016
|
2015
|
|
Balance beginning of period
|
$
|
4,430
|
$
|
3,440
|
$
|
3,599
|
$
|
3,843
|
|
Fair value write-down
|
|
366
|
|
1,202
|
|
269
|
|
350
|
|
Sales of OREO
|
|
(1,205)
|
|
(831)
|
|
(277)
|
|
(382)
|
|
Balance at end of period
|
$
|
3,591
|
$
|
3,811
|
$
|
3,591
|
$
|
3,811
|
|
| Schedule of Components of Other Real Estate Owned Expense |
The following table presents the components of OREO expenses, net, for the nine- and three-month periods ended September 30, 2016 and 2015:
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended
|
For the Three Months Ended
|
|
|
September 30,
|
September 30,
|
|
(in thousands)
|
2016
|
2015
|
2016
|
2015
|
|
Gains on real estate, net
|
$
|
(140)
|
$
|
(718)
|
$
|
(9)
|
$
|
(640)
|
|
Fair value write-down, net
|
|
366
|
|
1,202
|
|
269
|
|
350
|
|
Expenses, net
|
|
495
|
|
704
|
|
152
|
|
248
|
|
Rental and other income
|
|
(82)
|
|
(212)
|
|
(23)
|
|
(29)
|
|
Total OREO expense, net
|
$
|
639
|
$
|
976
|
$
|
389
|
$
|
(71)
|
|