Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2021

Other Real Estate Owned [Abstract]

Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended June 30						Six Months Ended June 30
(in thousands)	2021			2020			2021			2020
Beginning balance of other real estate owned	$	6,224		$	19,816		$	7,694		$	19,480
New assets acquired		421			237			251			1,862
Fair value adjustments		(350	)		(306	)		(504	)		(764	)
Sale of assets		(447	)		(2,072	)		(1,593	)		(2,903	)
Ending balance of other real estate owned	$	5,848		$	17,675		$	5,848		$	17,675

Major Classifications of Foreclosed Properties

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

(in thousands)	June 30 2021		December 31 2020
1-4 family	$	1,410	$	1,888
Construction/land development/other		606		1,069
Multifamily		88		88
Non-farm/non-residential		3,744		4,649
Total foreclosed properties	$	5,848	$	7,694