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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2017
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Other Real Estate Owned
Other Real Estate Owned

The following summarizes other real estate owned:

As of  December 31,
2017
 
2016
Real estate acquired in settlement of loans
$
1,012,000

 
$
375,000



Changes in the allowance for losses from other real estate owned were as follows:
For the years ended December 31,
2017
 
2016
 
2015
Balance at beginning of year
$
205,000

 
$
162,000

 
$
654,000

Losses charged to allowance
(169,000
)
 
(89,000
)
 
(803,000
)
Provision charged to operating expenses
17,000

 
132,000

 
311,000

Balance at end of year
$
53,000

 
$
205,000

 
$
162,000