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Other Real Estate Owned, net (Tables)
12 Months Ended
Dec. 31, 2018
Banking And Thrift [Abstract]  
Carrying Value of Properties Included in Other Real Estate Owned, Net

The following table presents the carrying value of properties included in other real estate owned, net, as of the dates stated.

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Number of

 

 

Carrying

 

 

Number of

 

 

Carrying

 

 

 

Properties

 

 

Value

 

 

Properties

 

 

Value

 

Residential

 

 

6

 

 

$

1,339

 

 

 

5

 

 

$

443

 

Land

 

 

17

 

 

 

1,741

 

 

 

20

 

 

 

3,223

 

Commercial

 

 

3

 

 

 

517

 

 

 

4

 

 

 

618

 

Total

 

 

26

 

 

$

3,597

 

 

 

29

 

 

$

4,284

 

Components of Other Real Estate Owned (OREO) Valuation Allowance

The following table presents the components of the OREO valuation allowance as of and for the periods stated.

 

 

 

For the Year Ended December 31,

 

 

 

2018

 

 

2017

 

Balance, beginning of year

 

$

461

 

 

$

473

 

Valuation adjustments

 

 

21

 

 

 

245

 

Charge-offs

 

 

(67

)

 

 

(257

)

Balance, end of year

 

$

415

 

 

$

461

 

Other Real Estate Owned (OREO) Related Activity Reported in Consolidated Statements of Operations

The following table presents OREO-related activity reported in the consolidated statements of operations for the periods stated.

 

 

 

For the Year Ended December 31,

 

 

 

2018

 

 

2017

 

Net (gain) loss on sale of other real estate owned

 

$

(128

)

 

$

(24

)

Valuation adjustments

 

 

21

 

 

 

245

 

Foreclosed property expense, net of income

 

 

171

 

 

 

138

 

Total expenses

 

$

64

 

 

$

359