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Foreclosed Assets
 9 Months Ended
Sep. 30, 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:
 
September 30,
 
December 31,
Property Type
2018
 
2017
 
(In thousands)
Construction and land development
$
219

 
$
219

Multi‑family
1,059

 
—

Single family residence
953

 
1,019

Commercial real estate
2,176

 
64

Total other real estate owned, net
4,407

 
1,302

Other foreclosed assets
—

 
27

Total foreclosed assets, net
$
4,407

 
$
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

Transfers to foreclosed assets from loans
3,235

Provision for losses
(65
)
Reductions related to sales
(92
)
Balance, September 30, 2018
$
4,407