Other Real Estate Owned

3 Months Ended

Mar. 31, 2018

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 months ended March 31, 2018 and 2017:

	Three Months Ended
	March 31,
	2018			2017
Balance at beginning of period	$	16,442		$	7,403
Transfers from loans		630			888
Properties sold		(1,432	)		(2,228	)
(Loss) gain on sale of other real estate owned		(43	)		871
Transferred to loans		(120	)		—
Write-downs and partial liquidations		(143	)		(123	)
Balance at end of period	$	15,334		$	6,811

Foreclosed residential real estate properties included in the table above totaled $3,902 and $3,631as of March 31, 2018 and December 31, 2017, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $326 and $19 at March 31, 2018 and December 31, 2017, respectively.