Foreclosed Real Estate

3 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

Foreclosed Real Estate

Note (5)—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 three months ended March 31, 2017 and 2016:

	Three Months Ended
	March 31,
	2017			2016
Balance at beginning of period	$	7,403		$	11,641
Transfers from loans		888			530
Properties sold		(2,228	)		(1,560	)
Gain on sale of foreclosed assets		871			57
Transferred to loans		—			(67	)
Write-downs and partial liquidations		(123	)		(68	)
Balance at end of period	$	6,811		$	10,533

Foreclosed residential real estate properties included in the table above totaled $2,568 and $2,143 as of March 31, 2017 and December 31, 2016, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $153 and $96 at March 31, 2017 and December 31, 2016, respectively.