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Other Real Estate Owned
9 Months Ended
Sep. 30, 2021
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 periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(in thousands)
Balance, beginning of period$381 $747 $553 $552 
Transfers in— 475 — 1,033 
Valuation adjustments— — (140)— 
Proceeds from sale of OREO property— (681)(132)(1,026)
Gain on sale of OREO, net— 82 100 64 
Balance, end of period$381 $623 $381 $623 
At September 30, 2021, there were no foreclosed residential real estate properties held as OREO. Additionally, there were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process.