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

Note 7 — Other Real Estate Owned

 

The activity within OREO for the years ended December 31, 2017 and 2016 is presented in the table below. There were no residential real estate loans in the process of foreclosure as of December 31, 2017.  For the year ended December 31, 2017 and 2016, proceeds on sales of OREO were $2.1 million and $6.1 million, respectively. For the year ended December 31, 2017, the Company realized a net loss on sales of OREO of $301 thousand compared to a net gain on sales of OREO of $682 thousand for the year ended December 31, 2016.

 

    Year Ended December 31,  
(dollars in thousands)   2017   2016  
           
Balance at January 1,   $ 2,694   $ 5,852  
Real estate acquired from borrowers   1,145   2,500  
Valuation allowance   —   (200 )
Properties sold   (2,445 ) (5,458 )
Balance at December 31,   $ 1,394   $ 2,694