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Foreclosed Assets
9 Months Ended
Sep. 30, 2021
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Foreclosed Assets FORECLOSED ASSETS, NET
The following table summarizes foreclosed assets, net of the valuation allowance, as of the dates indicated:
September 30,
December 31,
Property Type20212020
(In thousands)
Commercial real estate$12,594 $12,979 
Construction and land development— 219 
Single-family residence415 — 
Total other real estate owned, net13,009 13,198 
Other foreclosed assets355 829 
Total foreclosed assets, net$13,364 $14,027 
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 loans1,062 
Provision for losses(14)
Reductions related to sales(1,711)
Balance, September 30, 2021$13,364