Other Real Estate Owned and Repossessed Assets (Tables)

6 Months Ended

Jun. 30, 2020

Other Real Estate [Abstract]

Summary of Foreclosed Property Activity

Other real estate and certain other assets acquired in foreclosure are reported at the net realizable value of the property, less estimated costs to sell. The following table summarizes foreclosed property activity as of the six months ended June 30, 2020 and 2019:

	June 30, 2020			June 30, 2019
	(Dollars in Thousands)
Beginning balance	$	1,078		$	1,505
Additions (1)		293			262
Sales proceeds		(358	)		(483	)
Gross gains		38			39
Gross losses		(38	)		(27	)
Net gains		—			12
Impairment		(10	)		(38	)
Ending balance	$	1,003		$	1,258

(1) Additions to other real estate owned (“OREO”) include transfers from loans, other assets and capitalized improvements to existing OREO properties.

Summary of Repossessed Assets Activity

The following table summarizes repossessed asset activity as of the six months ended June 30, 2020 and 2019:

	June 30, 2020			June 30, 2019
	(Dollars in Thousands)
Beginning balance	$	256		$	229
Transfers from loans		561			520
Sales proceeds		(270	)		(278	)
Gross gains		—			2
Gross losses		(286	)		(227	)
Net losses		(286	)		(225	)
Impairment		—			—
Ending balance	$	261		$	246