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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract] |
Other Real Estate Owned | Other Real Estate Owned Changes in other real estate owned during the periods indicated were as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands
Balance at the beginning of the year | $ | 841 |  |  | $ | 1,983 |  |  | $ | — |
Additions | 270 |  |  | — |  |  | 434 |
Additions from acquisitions | — |  |  | — |  |  | 1,796 |
Proceeds from dispositions | (1,290) |  |  | (864) |  |  | (198) |
Gain (loss) on sale, net | 179 |  |  | (227) |  |  | — |
Valuation adjustment | — |  |  | (51) |  |  | (49) |
Balance at the end of the year | $ | — |  |  | $ | 841 |  |  | $ | 1,983 |
At December 31, 2020, there were no consumer mortgage loans secured by residential real estate properties (included in Loans receivable on the Consolidated Statements of Financial Position) for which formal foreclosure proceedings were in process.

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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=121593590&loc=d3e4437-111522 + Details
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