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Foreclosed Assets Foreclosed Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Other Real Estate and Foreclosed Assets
The following table summarizes foreclosed assets as of the dates indicated:
 
December 31,
Property Type
2019
 
2018
 
(In thousands)
Commercial real estate
$
221

 
$
2,004

Construction and land development
219

 
219

Multi‑family
—

 
1,059

Single-family residence
—

 
953

Total other real estate owned, net
440

 
4,235

Other foreclosed assets
—

 
1,064

Total foreclosed assets, net
$
440

 
$
5,299
Other Foreclosed Assets Rollforward
The following table presents the changes in foreclosed assets, net of the valuation allowance, for the years indicated:
 
Year Ended December 31,
Foreclosed Assets
2019
 
2018
 
2017

(In thousands)
Balance, beginning of year
$
5,299

 
$
1,329

 
$
12,976

Transfers to foreclosed assets from loans
120

 
16,914

 
580

Other additions
—

 
—

 
1,385

Provision for losses
(78
)
 
(74
)
 
(2,138
)
Reductions related to sales
(4,901
)
 
(12,870
)
 
(11,474
)
Balance, end of year
$
440

 
$
5,299

 
$
1,329
Foreclosed Assets Valuation Allowance Rollforward
The following table presents the changes in the foreclosed assets valuation allowance for the years indicated:
 
Year Ended December 31,
Foreclosed Assets Valuation Allowance
2019
 
2018
 
2017
 
(In thousands)
Balance, beginning of year
$
88

 
$
14

 
$
12,696

Provision for losses
78

 
74

 
2,138

Reductions related to sales
(79
)
 
—

 
(14,820
)
Balance, end of year
$
87

 
$
88

 
$
14