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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017 and 2016:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
(in thousands)
Balance, beginning of period
 
$
4,058

 
$
10,613

 
$
5,998

 
$
13,738

Transfers in
 
74

 
891

 
74

 
1,202

Valuation adjustments
 
(138
)
 
(14
)
 
(364
)
 
(290
)
Proceeds from sale of OREO property
 
(182
)
 
(2,569
)
 
(1,901
)
 
(5,845
)
Gain (loss) on sale of OREO, net
 
(130
)
 
73

 
(125
)
 
189

Balance, end of period
 
$
3,682

 
$
8,994

 
$
3,682

 
$
8,994