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Foreclosed Assets (Tables)
12 Months Ended
Dec. 31, 2017
Other Real Estate And Foreclosed Assets [Abstract]  
Summary of Foreclosed Assets Analysis

An analysis of foreclosed properties for the years ended December 31, 2017 and 2016 follows (in thousands).

 

 

 

Year ended December 31,

 

 

 

 

2017

 

 

 

2016

 

Balance at beginning of year

 

$

1,151

 

 

$

1,949

 

Transfers from loans

 

 

2,658

 

 

 

304

 

Foreclosed property sold

 

 

(2,118

)

 

 

(922

)

Write-down of foreclosed property

 

 

(145

)

 

 

(180

)

Balance at end of year

 

$

1,546

 

 

$

1,151

 

 

Summary of Expenses Applicable to Foreclosed Assets

Expenses applicable to foreclosed assets for the years ended December 31, 2017 and 2016 include the following (amounts in thousands).

 

  

 

Year ended December 31,

 

 

 

2017

 

 

2016

 

Net gain on sales of foreclosed assets

 

$

(72

)

 

$

(133

)

Write-down of foreclosed property

 

 

145

 

 

 

180

 

Operating expenses, net of rental income

 

 

90

 

 

 

30

 

Total

 

$

163

 

 

$

77