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Other Real Estate Owned (Tables)
6 Months Ended
Jun. 30, 2019
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 six months ended June 30, 2019 and 2018:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
(in thousands)
Balance, beginning of period
 
$
6,075

 
$
11,507

 
$
6,019

 
$
13,298

Transfers in
 

 

 
386

 
406

Valuation adjustments
 

 
(110
)
 
(195
)
 
(202
)
Proceeds from sale of OREO property
 
(5,673
)
 
(3,759
)
 
(5,794
)
 
(5,821
)
Gain (loss) on sale of OREO, net
 
716

 
(558
)
 
702

 
(601
)
Balance, end of period
 
$
1,118

 
$
7,080

 
$
1,118

 
$
7,080