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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
(in thousands)
Balance, beginning of period
 
$
1,118

 
$
7,080

 
$
6,019

 
$
13,298

Transfers in
 

 
794

 
386

 
1,200

Valuation adjustments
 

 
(495
)
 
(195
)
 
(697
)
Proceeds from sale of OREO property
 
(588
)
 
(47
)
 
(6,382
)
 
(5,868
)
Gain (loss) on sale of OREO, net
 
95

 
(1
)
 
797

 
(602
)
Balance, end of period
 
$
625

 
$
7,331

 
$
625

 
$
7,331