Other real estate owned

9 Months Ended

Sep. 30, 2020

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 nine months ended September 30, 2020 and 2019:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Balance at beginning of period	$	15,091	$	15,521	$	18,939	$	12,643
Transfers from loans	573		1,535		1,579		3,565
Transfers (to) from premises and equipment	—		—		(841)		2,640

Proceeds from sale of other real estate owned	(1,411)		(854)		(5,561)		(2,718)
Gain on sale of other real estate owned	119		260		464		582
Loans provided for sales of other real estate owned	—		—		—		(166)
Write-downs and partial liquidations	(1,624)		(386)		(1,832)		(470)
Balance at end of period	$	12,748	$	16,076	$	12,748	$	16,076

Foreclosed residential real estate properties totaled $2,180 and $4,295 as of September 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 $310 and $82 at September 30, 2020 and December 31, 2019, respectively.

Excess land and facilities held for sale resulting from branch consolidations totaled $6,178 and $8,956 as of September 30, 2020 and December 31, 2019, respectively.