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Foreclosed Assets
 3 Months Ended
Mar. 31, 2020
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
2020
 
2019
 
(In thousands)
Commercial real estate
$
33

 
$
221

Construction and land development
219

 
219

Total other real estate owned, net
252

 
440

Other foreclosed assets
1,449

 
—

Total foreclosed assets, net
$
1,701

 
$
440


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, 2019
$
440

Transfers to foreclosed assets from loans
1,776

Provision for losses
(105
)
Reductions related to sales
(410
)
Balance, March 31, 2020
$
1,701