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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2020
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 and nine months ended September 30, 2020 and 2019:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | (in thousands)
Balance, beginning of period |  | $ | 747 |  |  | $ | 1,118 |  |  | $ | 552 |  |  | $ | 6,019 |
Transfers in |  | 475 |  |  | — |  |  | 1,033 |  |  | 386 |
Valuation adjustments |  | — |  |  | — |  |  | — |  |  | (195) |
Proceeds from sale of OREO property |  | (681) |  |  | (588) |  |  | (1,026) |  |  | (6,382) |
Gain on sale of OREO, net |  | 82 |  |  | 95 |  |  | 64 |  |  | 797 |
Balance, end of period |  | $ | 623 |  |  | $ | 625 |  |  | $ | 623 |  |  | $ | 625 |

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