Foreclosed Assets

3 Months Ended

Mar. 31, 2018

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:

	March 31,		December 31,
Property Type	2018		2017
	(In thousands)
Construction and land development	$	219	$	219
Commercial real estate	64		64
Single family residence	953		1,019
Total other real estate owned, net	1,236		1,302
Other foreclosed assets	—		27
Total foreclosed assets, net	$	1,236	$	1,329

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, 2017	$	1,329
Provision for losses	(65		)
Reductions related to sales	(28		)
Balance, March 31, 2018	$	1,236