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OREO and Valuation Allowance for Losses on OREO
 12 Months Ended
Dec. 31, 2019
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OREO and Valuation Allowance for Losses on OREO OREO and Valuation Allowance for Losses on OREO
The table below presents a summary of the activity related to OREO:
 
Year ended December 31,
(in thousands)
2019
 
2018
 
2017
Beginning balance
$
79

 
$
11,742

 
$
18,961

Additions
—

 
—

 
—

Sales
(79
)
 
(11,663
)
 
(1,108
)
Valuation allowance for OREO
—

 
—

 
—

Direct write-downs
—

 
—

 
(6,111
)
Ending balance
$
—

 
$
79

 
$
11,742


During 2017, we recorded a $6.1 million write-down on one asset. In 2018, we sold this asset and recorded a $2.0 million gain on sale. The gain on sale was recorded in other non-interest income.