Other Real Estate Owned

6 Months Ended

Jun. 30, 2019

OREO includes properties acquired by the Company through foreclosure and deed in lieu of foreclosure. The following table is a summary of OREO activity during the periods shown:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019			2018
	(In thousands)
Balance at beginning of period	$	454	$	483	$	483		$	483
Market value adjustments	—		—		(29		)	—
Balance at end of period	$	454	$	483	$	454		$	483

For the three and six months ended June 30, 2019, there were no OREO properties sold. Based on current appraisals, there were no market value adjustments taken on the properties in OREO for the three months ended June 30, 2019. There were $29,000 in market value adjustments taken on the properties in OREO for the six months ended June 30, 2019. For the three and six months ended June 30, 2018, there were no sales or market value adjustments on OREO properties. OREO at June 30, 2019, consisted of $454,000 in commercial real estate properties. At June 30, 2019, there were no loans for which formal foreclosure proceedings were in process.