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Other Real Estate Owned (Tables) | 3 Months Ended
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Mar. 31, 2018
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, 2018 and 2017:
|  | Three Months Ended March 31,
|  | 2018 |  | 2017
|  | (in thousands)
Balance, beginning of period |  | $ | 13,298 |  |  | $ | 5,998 |
Transfers in |  | 406 |  |  | — |
Valuation adjustments |  | (92 | ) |  | (193 | )
Proceeds from sale of OREO property |  | (2,062 | ) |  | (1,275 | )
Loss on sale of OREO, net |  | (43 | ) |  | (11 | )
Balance, end of period |  | $ | 11,507 |  |  | $ | 4,519 |

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