Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2016

Other Real Estate Owned [Abstract]

Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in thousands)	2016			2015			2016			2015
Beginning balance of other real estate owned	$	37,740		$	36,698		$	40,674		$	36,776
New assets acquired		1,008			3,725			4,300			9,986
Capitalized costs		0			0			0			85
Fair value adjustments		(408	)		(784	)		(632	)		(1,146	)
Sale of assets		(675	)		(4,985	)		(6,677	)		(11,047	)
Ending balance of other real estate owned	$	37,665		$	34,654		$	37,665		$	34,654

Major Classifications of Foreclosed Properties

The major classifications of foreclosed properties are shown in the following table:

(in thousands)	September 30 2016		December 31 2015
1-4 family	$	6,793	$	7,493
Agricultural/farmland		93		116
Construction/land development/other		21,372		22,570
Multifamily		270		833
Non-farm/non-residential		9,137		9,662
Total foreclosed properties	$	37,665	$	40,674