(Dollars are in thousands)

June 30,
2017

December 31,
2016

Balance, beginning of period

$

10,655

$

12,398

Additions

2,071

4,577

Purchases of/improvements to other real estate owned

—

48

Transfers of premises and equipment to other real estate owned

125

—

Transfers of other real estate owned to premises and equipment

—

(125

)

Proceeds from sales of other real estate owned

(3,961

)

(4,232

)

Loans made to finance sales of other real estate owned

(1,092

)

(818

)

Adjustment of carrying value

(590

)

(1,414

)

Deferred gain from sales

44

—

Gain (loss) from sales

(4

)

221

Balance, end of period

$

7,248

$

10,655