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Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2017
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, 2017 and 2016:
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
|  | (in thousands)
Balance, beginning of period |  | $ | 5,998 |  |  | $ | 13,738 |
Transfers in |  | — |  |  | 105 |
Valuation adjustments |  | (193 | ) |  | (137 | )
Proceeds from sale of OREO property |  | (1,275 | ) |  | (1,326 | )
Gain (loss) on sale of OREO, net |  | (11 | ) |  | 47 |
Balance, end of period |  | $ | 4,519 |  |  | $ | 12,427 |

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