Other Real Estate Owned

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Other Real Estate Owned

Note (5)—Other real estate owned:

The amount reported as other real estate owned includes property acquired through foreclosure in addition to excess facilities held for sale and is carried at fair value less estimated cost to sell the property. The following table summarizes other real estate owned for the three and nine months ended September 30, 2017 and 2016:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Balance at beginning of period	$	6,370		$	9,902		$	7,403		$	11,641
Transfers from loans		1,796			460			2,958			2,636
Acquired through merger with the Clayton Banks (1)		6,888			—			6,888			—
Properties sold		(1,152	)		(3,044	)		(4,082	)		(6,558	)
Gain on sale of other real estate owned		93			1,680			1,041			1,749
Transferred to loans		(165	)		—			(201	)		(259	)
Write-downs and partial liquidations		(18	)		(34	)		(195	)		(245	)
Balance at end of period	$	13,812		$	8,964		$	13,812		$	8,964

(1) Includes excess land and facilities held for sale of $4,147 acquired from the Clayton Banks.

Foreclosed residential real estate properties included in the table above totaled $2,756 and $2,265 as of September 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 $655 and $44 at September 30, 2017 and December 31, 2016, respectively.