A summary of the activity in the balance of foreclosed assets
follows (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
March 31, 2018 |
|
|
Three months ended March 31, 2017 |
|
|
|
Total |
|
|
Noncovered |
|
|
Covered |
|
|
Total |
|
Beginning balance, net
|
|
$ |
3,226 |
|
|
$ |
3,763 |
|
|
$ |
223 |
|
|
$ |
3,986 |
|
Additions/transfers from loans
|
|
|
— |
|
|
|
85 |
|
|
|
— |
|
|
|
85 |
|
Dispositions/sales
|
|
|
(1,572 |
) |
|
|
(385 |
) |
|
|
(223 |
) |
|
|
(608 |
) |
Valuation adjustments
|
|
|
(90 |
) |
|
|
66 |
|
|
|
— |
|
|
|
66 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, net
|
|
$ |
1,564 |
|
|
$ |
3,529 |
|
|
|
— |
|
|
$ |
3,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending valuation allowance
|
|
$ |
(152 |
) |
|
$ |
(300 |
) |
|
|
— |
|
|
$ |
(300 |
) |
Ending number of foreclosed assets
|
|
|
10 |
|
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
Proceeds from sale of foreclosed assets
|
|
$ |
1,943 |
|
|
$ |
510 |
|
|
$ |
216 |
|
|
$ |
726 |
|
Gain (loss) on sale of foreclosed assets
|
|
$ |
371 |
|
|
$ |
125 |
|
|
$ |
(7 |
) |
|
$ |
118 |
|
|