Other Real Estate Owned (Notes)

12 Months Ended

Dec. 31, 2016

Schedule of Assets Repossessed or Foreclosed, or loans in process of foreclosure [Line Items]

Other Real Estate Owned

The carrying amount of foreclosed properties held at December 31, 2016 and December 31, 2015 are listed below, as well as the recorded investment of loans secured by residential real estate properties for which formal foreclosure proceedings were in process at those dates.



(In thousands)	December 31, 2016		December 31, 2015
OREO:
Commercial real estate	$	7,642	$	8,333
Construction real estate	4,624		7,259
Residential real estate	1,660		3,059
Total OREO	$	13,926	$	18,651

Loans in process of foreclosure:
Residential real estate	$	3,250	$	2,021

- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

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+ Details