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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2017
Banking And Thrift [Abstract]  
Other Real Estate Owned

Note 8—Other Real Estate Owned

The following table presents the change in other real estate owned (“OREO”) for the years ended December 31, 2017, 2016, and 2015:

 

 

 

2017

 

 

2016

 

 

2015

 

Beginning balance

 

$

16,570

 

 

$

26,715

 

 

$

56,181

 

Acquisition of OREO through business combination

 

 

—

 

 

 

1,525

 

 

 

—

 

Net additions to OREO

 

 

6,266

 

 

 

6,672

 

 

 

13,793

 

Dispositions of OREO

 

 

(11,750

)

 

 

(17,389

)

 

 

(33,994

)

Valuation adjustments

 

 

(460

)

 

 

(953

)

 

 

(9,265

)

Ending balance

 

$

10,626

 

 

$

16,570

 

 

$

26,715

 

 

Note 8—Other Real Estate Owned (continued)

At December 31, 2017 and 2016, the balance of real estate owned included $3.6 million and $3.3 million, respectively, of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property.

At December 31, 2017 and 2016, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process is $1.9 million and $2.7 million, respectively.