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Foreclosed Assets
 9 Months Ended
Sep. 30, 2017
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Foreclosed Assets
FORECLOSED ASSETS
The following table summarizes foreclosed assets as of the dates indicated:
 
September 30,
 
December 31,
Property Type
2017
 
2016
 
(In thousands)
Construction and land development
$
9,319

 
$
11,224

Multi‑family
—

 
652

Commercial real estate
65

 
—

Single family residence
1,668

 
—

Total other real estate owned, net
11,052

 
11,876

Other foreclosed assets
578

 
1,100

Total foreclosed assets, net
$
11,630

 
$
12,976


The following table presents the changes in foreclosed assets, net of the valuation allowance, for the period indicated:
 
Foreclosed
 
Assets
 
(In thousands)
Balance, December 31, 2016
$
12,976

Transfers to foreclosed assets from loans
580

Other additions
1,385

Provision for losses
(2,138
)
Reductions related to sales
(1,173
)
Balance, September 30, 2017
$
11,630