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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2016
Other Real Estate [Abstract]  
Other Real Estate Owned

Note 7 – Other Real Estate Owned

 

Other real estate owned represents residential and commercial properties primarily owned as a result of loan collection activities and is reported net of a valuation allowance. Activity within other real estate owned was as follows:

 

(Dollars in thousands)   2016     2015     2014  
                   
Balance, beginning of year   $ 31     $ 150     $ 508  
Transfers from loans     661       408       561  
Proceeds from sales     (247 )     (406 )     (789 )
Gains/(losses) on sales     (8 )     (30 )     24  
Write-downs     —       (91 )     (154 )
Balance, end of year   $ 437     $ 31     $ 150  

 

Included in the balances above were residential real estate mortgage loans of $291,000, $31,000, and $54,000 as of December 31, 2016, 2015, and 2014, respectively.