(Dollars are in thousands)

March 31, 2017

December 31, 2016

Balance, beginning of period

$

10,655

$

12,398

Additions

1,624

4,577

Purchases of/improvements to
other real estate owned

—

48

Transfers of other real estate owned
to premises and equipment

—

(125

)

Proceeds from sales

(1,966

)

(5,050

)

Adjustment of carrying value

(176

)

(1,414

)

Gain from sales

24

221

Balance, end of period

$

10,161

$

10,655