Other real estate owned

6 Months Ended

Jun. 30, 2020

Real Estate [Abstract]

Other real estate owned

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 the other real estate owned for the three and six months ended June 30, 2020 and 2019: 

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Balance at beginning of period	$	17,072	$	12,828	$	18,939	$	12,643
Transfers from loans	641		924		1,006		2,030
Transfers from (to) premises and equipment	—		2,640		(841)		2,640
Proceeds from sale of other real estate owned	(2,708)		(1,148)		(4,150)		(1,864)
Gain on sale of other real estate owned	170		329		345		322
Loans provided for sales of other real estate owned	—		—		—		(166)
Write-downs and partial liquidations	(84)		(52)		(208)		(84)
Balance at end of period	$	15,091	$	15,521	$	15,091	$	15,521

Foreclosed residential real estate properties totaled $3,045 and $4,295 as of June 30, 2020 and December 31, 2019, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $239 and $82 at June 30, 2020 and December 31, 2019, respectively.

Excess land and facilities held for sale resulting from branch consolidations totaled $7,751 and $8,956 as of June 30, 2020 and December 31, 2019, respectively.