Other Real Estate Owned

9 Months Ended

Sep. 30, 2017

Other Real Estate Owned [Abstract]

Other real estate owned

Note 5.Other Real Estate Owned

At September 30, 2017, OREO was comprised of 23 real estate properties acquired through foreclosure related to tax liens.  Set forth below are tables which detail the changes in OREO from January 1, 2017 to September 30, 2017 and January 1, 2016 to December 31, 2016.

	For the nine months ended September 30, 2017
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	236	$	3,300	$	3,536
Net proceeds from sales		(214)		(1,916)		(2,130)
Net gains on sales		5		399		404
Transfers in		—		44		44
Cash additions		—		35		35
Impairment charge		(27)		(182)		(209)
Ending balance	$	—	$	1,680	$	1,680

At September 30, 2017, OREO was comprised of $1.7 million in tax liens. The properties acquired through the tax lien portfolio were primarily located in New Jersey.

	For the year ended December 31, 2016
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	220	$	7,215	$	7,435
Net proceeds from sales		(7)		(5,458)		(5,465)
Net gain on sales		1		677		678
Transfers in		28		831		859
Cash additions		—		290		290
Impairment charge		(6)		(255)		(261)
Ending balance	$	236	$	3,300	$	3,536