Repossessed Assets Acquired In Settlement Of Loans

12 Months Ended

Dec. 31, 2018

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

Repossessed Assets Acquired in Settlement of Loans

Other Real Estate Owned

The Bank owned $722,000 and $1.1 million in OREO at December 31, 2018 and 2017, respectively. Transactions in OREO for the years ended December 31, 2018, 2017 and 2016 are summarized below.

	2018			2017			2016
Balance, beginning of year	$	1,115,671		$	2,721,214		$	4,361,411
Additions	435,550			580,748			1,026,178
Sales	(772,779		)	(2,028,170		)	(2,626,375		)
Write-downs	(56,000		)	(158,121		)	(40,000		)
Balance, end of year	$	722,442		$	1,115,671		$	2,721,214