Repossessed Assets Acquired In Settlement Of Loans

12 Months Ended

Dec. 31, 2017

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

Repossessed Assets Acquired in Settlement of Loans

Other Real Estate Owned

The Bank owned $1.1 million and $2.7 million in OREO at December 31, 2017 and 2016, respectively. Transactions in OREO for the years ended December 31, 2017, 2016 and 2015 are summarized below.

	2017			2016			2015
Balance, beginning of year	$	2,721,214		$	4,361,411		$	3,229,710
Additions	580,748			1,026,178			4,362,635
Sales	(2,028,170		)	(2,626,375		)	(2,918,587		)
Write-downs	(158,121		)	(40,000		)	(312,347		)
Balance, end of year	$	1,115,671		$	2,721,214		$	4,361,411