Foreclosed Assets (Tables)

9 Months Ended

Sep. 30, 2018

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Summary of Activity in Balance of Foreclosed Assets

A summary of the activity in the balance of foreclosed assets follows (in thousands):

	Nine months ended September 30,
	2018			2017
Beginning balance, net	$	3,226		$	3,986
Additions/transfers from loans		536			726
Dispositions/sales		(1,841	)		(1,479	)
Valuation adjustments		(89	)		(162	)
Ending balance, net	$	1,832		$	3,071
Ending valuation allowance	$	(143	)	$	(248	)
Ending number of foreclosed assets		11			11
Proceeds from sale of foreclosed assets	$	2,206		$	1,787
Gain on sale of foreclosed assets	$	390		$	308