Other Real Estate Owned

9 Months Ended

Sep. 30, 2020

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 and nine months ended September 30, 2020 and 2019:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in thousands)
Balance, beginning of period	$	747	$	1,118	$	552	$	6,019
Transfers in	475		—		1,033		386
Valuation adjustments	—		—		—		(195)
Proceeds from sale of OREO property	(681)		(588)		(1,026)		(6,382)
Gain on sale of OREO, net	82		95		64		797
Balance, end of period	$	623	$	625	$	623	$	625

At September 30, 2020, there were no foreclosed residential real estate properties held as OREO. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $436 thousand.