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REAL ESTATE OWNED, HELD FOR SALE, NET
 12 Months Ended
Dec. 31, 2018
Real Estate [Abstract]  
REAL ESTATE OWNED, HELD FOR SALE, NET
REAL ESTATE OWNED, HELD FOR SALE, NET

The following table presents the changes in REO, net of valuation allowance, for the years ended December 31, 2018, 2017 and 2016 (in thousands):
 
Years Ended December 31
 
2018
 
2017
 
2016
Balance, beginning of period
$
360

 
$
11,081

 
$
11,627

Additions from loan foreclosures
641

 
46

 
8,909

Additions from capitalized costs
—

 
54

 
—

Additions from acquisitions
2,593

 
—

 
400

Proceeds from dispositions of REO
(838
)
 
(13,474
)
 
(10,812
)
Gain on sale of REO
242

 
2,909

 
1,833

Valuation adjustments in the period
(387
)
 
(256
)
 
(876
)
Balance, end of period
$
2,611

 
$
360

 
$
11,081



The Company had no foreclosed residential real estate properties held as REO at December 31, 2018 or December 31, 2017. The recorded investment in one- to four-family residential loans in the process of foreclosure was $1.2 million at December 31, 2018 and $2.0 million at December 31, 2017.