Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2020

Other Real Estate Owned [Abstract]

Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended September 30						Nine Months Ended September 30
(in thousands)	2020			2019			2020			2019
Beginning balance of other real estate owned	$	17,675		$	22,536		$	19,480		$	27,273
New assets acquired		238			647			2,100			1,889
Fair value adjustments		(257	)		(2,173	)		(1,021	)		(3,311	)
Sale of assets		(2,070	)		(1,177	)		(4,973	)		(6,018	)
Ending balance of other real estate owned	$	15,586		$	19,833		$	15,586		$	19,833

Major Classifications of Foreclosed Properties

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

(in thousands)	September 30 2020		December 31 2019
1-4 family	$	2,191	$	3,630
Construction/land development/other		9,359		10,211
Multifamily		88		88
Non-farm/non-residential		3,948		5,551
Total foreclosed properties	$	15,586	$	19,480