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Real Estate and Other Assets Acquired in Settlement of Loans
 12 Months Ended
Dec. 31, 2016
Other Real Estate [Abstract]  
Real Estate and Other Assets Acquired in Settlement of Loans
(3)   Real Estate and Other Assets Acquired in Settlement of Loans
(in thousands)
    
2016
    
2015
  
Commercial       $ 809         $ 1,445    
Real estate construction - commercial         12,380           12,380    
Real estate mortgage - residential         647           477    
Real estate mortgage - commercial         3,439           4,923    
Repossessed assets         16           0    
Total       $ 17,291         $ 19,225    
Less valuation allowance for other real estate owned         (3,129)           (3,233)    
Total other real estate owned and foreclosed assets
       $ 14,162         $ 15,992    
 
Changes in the net carrying amount of other real estate owned and repossessed assets for the years ended December 31, 2014 2015, and 2016, respectively, were as follows:
 
Balance at December 31, 2014
       $ 15,140    
  Additions         5,804    
  Proceeds from sales         (1,836)    
  Charge-offs against the valuation allowance for other real estate owned, net         (39)    
  Net gain on sales         156    
 
Balance at December 31, 2015
       $ 19,225    
  Additions         2,233    
  Proceeds from sales         (4,057)    
  Charge-offs against the valuation allowance for other real estate owned, net         (317)    
  Net gain on sales         207    
  Total other real estate owned and repossessed assets       $ 17,291    
  Less valuation allowance for other real estate owned         (3,129)    
 
Balance at December 31, 2016
       $ 14,162    
 
At December 31, 2016, $162,000 of consumer mortgage loans secured by residential real estate properties were in the process of foreclosure compared to $390,000 at December 31, 2015.
Activity in the valuation allowance for other real estate owned in settlement of loans for the years ended December 31, 2016, 2015 and 2014, respectively, is summarized as follows:
(in thousands)
    
2016
    
2015
    
2014
  
Balance, beginning of year
       $ 3,233         $ 3,255         $ 4,675    
Provision for other real estate owned         213           17           585    
Charge-offs         (317)           (39)           (2,005)    
Balance, end of year
       $ 3,129         $ 3,233         $ 3,255