Repossessed Assets Acquired In Settlement Of Loans

12 Months Ended

Dec. 31, 2016

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Repossessed Assets Acquired in Settlement of Loans

Other Real Estate Owned

The Bank owned $2.7 million and $4.4 million in OREO at December 31, 2016 and 2015, respectively. Transactions in OREO for the years ended December 31, 2016, 2015 and 2014 are summarized below.

	2016			2015			2014
Balance, beginning of year	$	4,361,411		$	3,229,710		$	3,947,226
Additions	1,026,178			4,362,635			1,638,135
Sales	(2,626,375		)	(2,918,587		)	(1,850,651		)
Write-downs	(40,000		)	(312,347		)	(505,000		)
Balance, end of year	$	2,721,214		$	4,361,411		$	3,229,710