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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 31, 2020
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] |
Summary of Other Real Estate Owned | The following table sets forth activity in OREO for the periods indicated:
|  | Years Ended December 31,
|  | 2020 |  | 2019
|  | (in thousands)
Balance, beginning of period |  | $ | 552 |  |  | $ | 6,019 |
Transfers in |  | 1,033 |  |  | 386 |
Valuation adjustments |  | (70) |  |  | (195) |
Proceeds from sale of OREO property |  | (1,066) |  |  | (6,455) |
Gain on sale of OREO, net |  | 104 |  |  | 797 |
Balance, end of period |  | $ | 553 |  |  | $ | 552 |

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