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Foreclosed Assets
9 Months Ended
Sep. 30, 2015
Banking and Thrift [Abstract]  
Foreclosed Assets
Foreclosed Assets

Foreclosed assets are included in other assets on the Company's balance sheet and totaled $5.9 million as of September 30, 2015 and $7.7 million as of December 31, 2014. The carrying value of foreclosed residential real estate included within foreclosed assets totaled $457,000 as of September 30, 2015 and $295,000 as of December 31, 2014.

Included within loans receivable as of September 30, 2015 was a recorded investment of $1.0 million of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction.