Other Assets Acquired Through Foreclosure (Tables)

3 Months Ended

Mar. 31, 2018

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Changes in Other Assets Acquired Through Foreclosure

The following table represents the changes in other assets acquired through foreclosure: 

	Three Months Ended March 31, 2018
	Gross Balance			Valuation Allowance			Net Balance
	(in thousands)
Balance, beginning of period	$	32,552		$	(4,012	)	$	28,540
Transfers to other assets acquired through foreclosure, net	5,744			—			5,744
Proceeds from sale of other real estate owned and repossessed assets, net	(5,294		)	9			(5,285		)
Valuation adjustments, net	—			(47		)	(47		)
Gains (losses), net (1)	1,242						1,242
Balance, end of period	$	34,244		$	(4,050	)	$	30,194
	Three Months Ended March 31, 2017
Balance, beginning of period	$	54,138		$	(6,323	)	$	47,815
Proceeds from sale of other real estate owned and repossessed assets, net	(3,113		)	224			(2,889		)
Valuation adjustments, net	—			380			380
Gains (losses), net (1)	(106		)	—			(106		)
Balance, end of period	$	50,919		$	(5,719	)	$	45,200

(1) There was $1.0 million in net gains related to initial transfers to other assets during the three months ended March 31, 2018 and compared to zero during the three months ended March 31, 2017