(Dollars are in thousands)

September 30,
2017

December 31, 2016

Balance, beginning of period

$

10,655

$

12,398

Additions

2,761

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

(4,145

)

(4,232

)

Proceeds from insurance claims
on other real estate owned

(12

)

—

Loans made to finance sales of
other real estate owned

(1,225

)

(818

)

Adjustment of carrying value

(668

)

(1,414

)

Deferred gain from sales

44

—

Gain (loss) from sales

(29

)

221

Balance, end of period

$

7,506

$

10,655