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Foreclosed Real Estate | 12 Months Ended
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Dec. 31, 2019
Foreclosed Real Estate [Abstract] |
Foreclosed Real Estate | NOTE 9 — FORECLOSED REAL ESTATE The following tables present the activity related to foreclosed real estate for the years ended December 31, 2019, 2018 and 2017:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
|  | (In thousands)
Balance at beginning of year | $ | 33,768 |  | $ | 44,174 |  | $ | 47,520
Decline in value |  | (4,762) |  |  | (5,757) |  |  | (6,560)
Additions |  | 21,545 |  |  | 20,011 |  |  | 22,812
Sales |  | (20,642) |  |  | (24,660) |  |  | (19,598)
Balance at end of year | $ | 29,909 |  | $ | 33,768 |  | $ | 44,174

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522 + Details
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