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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2018
Real Estate [Abstract]  
Other real estate owned
Other real estate owned:
The amount reported as other real estate owned includes property acquired through foreclosure in addition to excess facilities held for sale and is carried at fair value less estimated cost to sell the property. The following table summarizes the other real estate owned for the years ended December 31, 2018, 2017 and 2016: 
 
 
Year Ended
December 31,
 
 
 
2018

 
2017

 
2016

Balance at beginning of period
 
$
16,442

 
$
7,403

 
$
11,641

Transfers from loans
 
2,138

 
3,605

 
2,724

Transfers from premises and equipment
 
—

 
3,466

 
—

Acquired through merger or acquisition
 
—

 
6,888

 
—

Properties sold
 
(4,819
)
 
(5,438
)
 
(6,696
)
Gain on sale of other real estate owned
 
271

 
1,080

 
1,670

Transferred to loans
 
(1,019
)
 
(256
)
 
(1,548
)
Write-downs and partial liquidations
 
(370
)
 
(306
)
 
(388
)
Balance at end of period
 
$
12,643

 
$
16,442

 
$
7,403


Foreclosed residential real estate properties included in the table above totaled $2,101 and $3,631 as of December 31, 2018 and 2017, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $478 and $19 at December 31, 2018 and 2017, respectively.
During the year ended December 31, 2017, the Company acquired $6,888 in other real estate owned through the merger with Clayton Banks, including $4,147 in excess land and facilities held for sale. During the fourth quarter of 2017, the Company consolidated an additional five branch locations and transferred an additional $3,466 of excess land and facilities into other real estate owned as held for sale. At December 31, 2018 and 2017, other real estate owned included excess land and facilities held for sale amounting to $5,381 and $5,895, respectively.