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Other Real Estate Owned
 6 Months Ended
Jun. 30, 2017
Real Estate [Abstract]  
Other Real Estate Owned
Other Real Estate Owned
Changes in other real estate owned during the three and six months ended June 30, 2017 and 2016 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Balance at the beginning of the period
$
786

 
$
1,826

 
$
754

 
$
2,019

Additions
—

 
—

 
32

 
652

Proceeds from dispositions
—

 
(227
)
 
—

 
(770
)
Gain on sales, net
—

 
32

 
—

 
42

Valuation adjustment
—

 
(71
)
 
—

 
(383
)
Balance at the end of the period
$
786

 
$
1,560

 
$
786

 
$
1,560



At June 30, 2017, the carrying amount of other real estate owned that was the result of foreclosure and obtaining physical possession of residential real estate properties was $555,000. At June 30, 2017, the recorded investment of consumer mortgage loans secured by residential real estate properties (included in the one-to-four family residential loan class in Note (3) Loans Receivable) for which formal foreclosure proceedings were in process was $656,000.