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Other Real Estate Owned
9 Months Ended
Sep. 30, 2020
Real Estate [Abstract]  
Other Real Estate Owned
Note 8. Other Real Estate Owned
The activity within Other Real Estate Owned (“OREO”) for the three and nine months ended September 30, 2020 and 2019 (unaudited) is presented in the table below. There were no residential real estate loans in the process of foreclosure as of September 30, 2020. For the three and nine months ended September 30, 2020 there was one sale of an OREO property, while there were zero sales in the same periods in 2019.
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2020201920202019
Beginning Balance$8,237 $1,394 $1,487 $1,394 
Real estate acquired from borrowers— 93 6,750 93 
Properties sold(3,250)— (3,250)— 
Ending Balance$4,987 $1,487 $4,987 $1,487