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Other Real Estate Owned (Tables)
3 Months Ended
Mar. 31, 2016
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Summary of Other Real Estate Owned
The following tables set forth activity in OREO for the three months ended March 31, 2016 and 2015:
 
 
Three Months Ended March 31,
 
 
2016
 
2015
 
 
(in thousands)
Balance, beginning of period
 
$
13,738

 
$
22,190

Transfers in
 
105

 
4,692

Valuation adjustments
 
(137
)
 
(197
)
Proceeds from sale of OREO property
 
(1,326
)
 
(5,122
)
Gain on sale of OREO, net
 
47

 
1,736

Balance, end of period
 
$
12,427

 
$
23,299