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Foreclosed Assets (Tables)
6 Months Ended
Jun. 30, 2018
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Other real estate and foreclosed assets
The following table summarizes foreclosed assets as of the dates indicated:
 
June 30,
 
December 31,
Property Type
2018
 
2017
 
(In thousands)
Construction and land development
$
219

 
$
219

Multi‑family
1,059

 

Commercial real estate

 
64

Single family residence
953

 
1,019

Total other real estate owned, net
2,231

 
1,302

Other foreclosed assets

 
27

Total foreclosed assets, net
$
2,231

 
$
1,329


Other foreclosed assets rollforward
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

Transfers to foreclosed assets from loans
1,059

Provision for losses
(65
)
Reductions related to sales
(92
)
Balance, June 30, 2018
$
2,231