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Note 8: Other Real Estate Owned: Schedule of Major Classifications of Foreclosed Assets (Tables)
3 Months Ended
Mar. 31, 2017
Tables/Schedules  
Schedule of Major Classifications of Foreclosed Assets

Major classifications of other real estate owned were as follows:

 

 

March 31,

 

December 31,

 

2017

 

2016

 

(In Thousands)

 

 

 

 

Foreclosed assets held for sale

 

 

 

One- to four-family construction

$                     —

 

$                     —

Subdivision construction

                  6,313

 

                  6,360

Land development

               10,692

 

               10,886

Commercial construction

                        —

 

                        —

One- to four-family residential

                  1,210

 

                  1,217

Other residential

                     810

 

                     954

Commercial real estate

                  3,210

 

                  3,841

Commercial business

                        —

 

                        —

Consumer

                  2,668

 

                  1,991

 

               24,903

 

               25,249

FDIC-supported foreclosed assets, net of discounts

                  2,875

 

                  1,426

Acquired foreclosed assets no longer covered by FDIC loss sharing

 

 

 

agreements, net of discounts

                     351

 

                     316

Acquired foreclosed assets not covered by FDIC loss sharing

 

 

 

agreements, net of discounts

                  2,307

 

                  1,952

 

 

 

 

Foreclosed assets held for sale, net

               30,436

 

               28,943

 

 

 

 

Other real estate owned not acquired through foreclosure

                  2,240

 

                  3,715

 

 

 

 

Other real estate owned

$             32,676

 

$             32,658