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Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2018
Other Real Estate Owned [Abstract]  
Activity for Other Real Estate Owned
Activity for other real estate owned was as follows:

(in thousands)
 
March 31, 2018
  
March 31, 2017
 
Beginning balance of other real estate owned
 
$
31,996
  
$
35,856
 
New assets acquired
  
1,284
   
1,004
 
Fair value adjustments
  
(467
)
  
(538
)
Sale of assets
  
(809
)
  
(510
)
Ending balance of other real estate owned
 
$
32,004
  
$
35,812
 
Major Classifications of Foreclosed Properties
The major classifications of foreclosed properties are shown in the following table:

(in thousands)
 
March 31
2018
  
December 31
2017
 
1-4 family
 
$
5,965
  
$
5,908
 
Agricultural/farmland
  
51
   
68
 
Construction/land development/other
  
16,368
   
16,158
 
Multifamily
  
108
   
176
 
Non-farm/non-residential
  
9,512
   
9,686
 
Total foreclosed properties
 
$
32,004
  
$
31,996