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Foreclosed Assets
 6 Months Ended
Jun. 30, 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:
June 30,
December 31,
Property Type20202019
(In thousands)
Commercial real estate$28  $221  
Construction and land development219  219  
Total other real estate owned, net247  440  
Other foreclosed assets1,202  —  
Total foreclosed assets, net$1,449  $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 loans1,776  
Provision for losses(110) 
Reductions related to sales(657) 
Balance, June 30, 2020$1,449