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Foreclosed Assets
 9 Months Ended
Sep. 30, 2020
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Foreclosed Assets FORECLOSED ASSETS
The following table summarizes foreclosed assets, net of the valuation allowance, as of the dates indicated:
September 30,
December 31,
Property Type20202019
(In thousands)
Commercial real estate$12,594 $221 
Construction and land development219 219 
Total other real estate owned, net12,813 440 
Other foreclosed assets934 — 
Total foreclosed assets, net$13,747 $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 loans14,370 
Provision for losses(267)
Reductions related to sales(796)
Balance, September 30, 2020$13,747