Foreclosed Real Estate

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

Foreclosed Real Estate

Note (7)—Foreclosed real estate:

The amount reported as real estate acquired through foreclosure proceedings is carried at fair value less estimated cost to sell the property. The following table summarizes the foreclosed real estate for the year ended December 31, 2016, 2015 and 2014:

	Year Ended
	December 31,
	2016			2015			2014
Balance at beginning of period	$	11,641		$	7,259		$	8,796
Acquired through merger with NWGB		—			5,002			—
Transfers from loans		2,724			4,085			4,308
Capital improvements		—			171			—
Properties sold		(6,696	)		(3,774	)		(4,738	)
Gain on sale of foreclosed assets		1,670			187			464
Transferred to loans		(1,548	)		(785	)		(1,239	)
Write-downs and partial liquidations		(388	)		(504	)		(332	)
Balance at end of period	$	7,403		$	11,641		$	7,259

Foreclosed residential real estate properties included in the table above totaled $2,143 and $3,187 as of December 31, 2016 and 2015, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $96 and $67 at December 31, 2016 and 2015, respectively.