XML 29 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Real Estate Owned
 9 Months Ended
Sep. 30, 2018
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Other Real Estate Owned
Other Real Estate Owned (“OREO”)
The following tables set forth activity in OREO for the three and nine months ended September 30, 2018 and 2017:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(in thousands)
Balance, beginning of period
 
$
7,080

 
$
4,058

 
$
13,298

 
$
5,998

Transfers in
 
794

 
74

 
1,200

 
74

Valuation adjustments
 
(495
)
 
(138
)
 
(697
)
 
(364
)
Proceeds from sale of OREO property
 
(47
)
 
(182
)
 
(5,868
)
 
(1,901
)
Loss on sale of OREO, net
 
(1
)
 
(130
)
 
(602
)
 
(125
)
Balance, end of period
 
$
7,331

 
$
3,682

 
$
7,331

 
$
3,682


At September 30, 2018, there were $60 thousand in foreclosed residential real estate properties held as OREO and the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $736 thousand.