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Other Real Estate Owned
3 Months Ended
Mar. 31, 2019
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Other Real Estate Owned Other Real Estate Owned
The following tables set forth activity in OREO for the three months ended March 31, 2019 and 2018:
 
 
Three Months Ended March 31,
 
 
2019
 
2018
 
 
(in thousands)
Balance, beginning of period
 
$
6,019

 
$
13,298

Transfers in
 
386

 
406

Valuation adjustments
 
(195
)
 
(92
)
Proceeds from sale of OREO property
 
(121
)
 
(2,062
)
Loss on sale of OREO, net
 
(14
)
 
(43
)
Balance, end of period
 
$
6,075

 
$
11,507


At March 31, 2019, there were $311 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 $678 thousand.