SCHEDULE II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2017

Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - Valuation and Qualifying Accounts

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

For the years ended December 31, 2017 and 2016 (in thousands):

Description	Balance at Beginning of Year		Charged to Costs and Expenses		Transferred to Other Accounts (1)			Collected/ Recovered		Balance at End of Year
Mortgage loan portfolio:
Valuation allowance - 2016	$	12,892	$	—	$	(210	)	$	—	$	12,682
Valuation allowance - 2017	12,682		—		—			—		12,682

(1) The amount listed in the column heading “Transferred to Other Accounts” represents net charge offs during the year, which were transferred to a real estate owned status at the date of foreclosure of the related loans or were recognized upon sale of the related loan.