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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2018
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, 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