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Other Real Estate Assets Owned (OREO) (Tables)
 9 Months Ended
Sep. 30, 2015
Other Real Estate [Abstract]  
Other Real Estate Owned Rollforward
Changes in the balance for OREO, net of valuation allowances, are as follows:
(Dollars in thousands)
September 30, 2015
 
December 31, 2014
Balance at the beginning of year, net
$
4,051

 
$
3,424

Transfers between loans and other real estate owned
720

 
3,301

Sales proceeds
(677
)
 
(2,663
)
Loss on disposition
(46
)
 
(14
)
Less valuation adjustments
(177
)
 
3

Balance at the end of year, net
$
3,871

 
$
4,051
Schedule of Other Real Estate Classifications
The major classifications of OREO in the consolidated balance sheets at September 30, 2015 and December 31, 2014 were as follows:
(Dollars in thousands)
September 30, 2015
 
December 31, 2014
Real estate loans:
 
 
 
Construction
$
853

 
$
871

Secured by farmland
—

 
—

Secured by 1-4 family residential
1,598

 
1,035

Other real estate loans
1,420

 
2,145

Total real estate loans
$
3,871

 
$
4,051