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Foreclosed Assets (Tables)
3 Months Ended
Mar. 31, 2021
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Other real estate and foreclosed assets
The following table summarizes foreclosed assets, net of the valuation allowance, as of the dates indicated:
March 31,
December 31,
Property Type20212020
(In thousands)
Commercial real estate$13,612 $12,979 
Construction and land development219 219 
Total other real estate owned, net13,831 13,198 
Other foreclosed assets467 829 
Total foreclosed assets, net$14,298 $14,027 
Other foreclosed assets rollforward
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, 2020$14,027 
Transfers to foreclosed assets from loans647 
Provision for losses(14)
Reductions related to sales(362)
Balance, March 31, 2021$14,298