Foreclosed Real Estate

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2017 and 2016:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Balance at beginning of period	$	6,811		$	10,533		$	7,403		$	11,641
Transfers from loans		274			1,646			1,162			2,176
Properties sold		(702	)		(1,954	)		(2,930	)		(3,514	)
Gain on sale of foreclosed assets		77			12			948			69
Transferred to loans		(36	)		(192	)		(36	)		(259	)
Write-downs and partial liquidations		(54	)		(143	)		(177	)		(211	)
Balance at end of period	$	6,370		$	9,902		$	6,370		$	9,902

Foreclosed residential real estate properties included in the table above totaled $2,255 and $2,265 as of June 30, 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 $349 and $44 at June 30, 2017 and December 31, 2016, respectively.