Foreclosed Assets

12 Months Ended

Dec. 31, 2017

8. Foreclosed Assets

Foreclosed real estate is reported net of a valuation allowance and included in accrued interest receivable and other assets in the accompanying consolidated balance sheets. Activity for the years ended December 31, 2017, 2016, and 2015 is as follows:


	2017			2016			2015
Balance, beginning of year	$	1,015		$	654		$	806
Acquired from Lake National Bank		0			665			0
Additions		630			120			806
Sales (at carrying value)		(935	)		(424	)		(958	)


Balance, end of year	$	710		$	1,015		$	654

Expenses related to foreclosed real estate include:


	2017			2016			2015

Net (gain) loss on sale	$	(208	)	$	(134	)	$	3
Operating expenses, net of rental income		366			223			169


	$	158		$	89		$	172