Other Real Estate Owned

3 Months Ended

Mar. 31, 2018

Real Estate [Abstract]

Other Real Estate Owned

Note 7. Other Real Estate Owned

The activity within Other Real Estate Owned (“OREO”) for the three months ended March 31, 2018 and the year ended December 31, 2017 is presented in the table below. There was one residential real estate loan in the process of foreclosure as of March 31, 2018 totaling $999 thousand. There were no residential real estate loans in the process of foreclosure as of March 31, 2017. For the three months ended March 31, 2018, there were no sales of OREO property, as compared to March 31, 2017 which had one sale for a net loss of $361 thousand with proceeds of $939 thousand.

	Three Months Ended		Year Ended
(dollars in thousands)	March 31, 2018		December 31, 2017
Balance at January 1,	$	1,394	$	2,694
Real estate acquired from borrowers		—		1,145
Valuation allowance		—		—
Properties sold		—		(2,445	)
Ending balance	$	1,394	$	1,394