Other Real Estate Owned

6 Months Ended

Jun. 30, 2017

Real Estate [Abstract]

Other Real Estate Owned

Note 7. Other Real Estate Owned

The activity within Other Real Estate Owned (“OREO”) for the three and six months ended June 30, 2017 and 2016 is presented in the table below. There were no residential real estate loans in the process of foreclosure as of June 30, 2017.  For the three and six months ended June 30, 2017, proceeds on sale of OREO were $939 thousand. For the three and six months ended June 30, 2017, one OREO property was sold for a net loss of $361 thousand.

	Three Months Ended June 30,					Six Months Ended June 30,
(dollars in thousands)	2017		2016			2017			2016
Balance beginning of period	$	1,394	$	3,846		$	2,694		$	5,852
Real estate acquired from borrowers		—		—			—			—
Valuation allowance		—		(194	)		—			(200	)
Properties sold		—		(500	)		(1,300	)		(2,500	)
Balance end of period	$	1,394	$	3,152		$	1,394		$	3,152