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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2016
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Summary of Other Real Estate Owned
The following tables set forth activity in OREO for the three and nine months ended September 30, 2016 and 2015:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(in thousands)
Balance, beginning of period
 
$
10,613

 
$
20,617

 
$
13,738

 
$
22,190

Transfers in
 
891

 
915

 
1,202

 
8,751

Valuation adjustments
 
(14
)
 
(664
)
 
(290
)
 
(1,457
)
Proceeds from sale of OREO property
 
(2,569
)
 
(1,675
)
 
(5,845
)
 
(13,283
)
Gain on sale of OREO, net
 
73

 
263

 
189

 
3,255

Balance, end of period
 
$
8,994

 
$
19,456

 
$
8,994

 
$
19,456