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Other Real Estate and Repossessed Assets Acquired in Settlement of Loans
 12 Months Ended
Dec. 31, 2017
Other Real Estate [Abstract]  
Real Estate and Other Assets Acquired in Settlement of Loans
(3)    Other Real Estate and Repossessed Assets Acquired in Settlement of Loans
(in thousands)
    
2017
    
2016
  
Commercial       $ 727         $ 809    
Real estate construction - commercial         12,380           12,380    
Real estate mortgage - residential         382           647    
Real estate mortgage - commercial         2,909           3,439    
Repossessed assets         5           16    
Total       $ 16,403         $ 17,291    
Less valuation allowance for other real estate owned         (3,221)           (3,129)    
Total other real estate owned and repossessed assets
       $ 13,182         $ 14,162    
 
Changes in the net carrying amount of other real estate owned and repossessed assets for the years ended December 31, 2015 2016, and 2017, respectively, were as follows:
 
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    
 
Balance at December 31, 2016
       $ 17,291    
  Additions         374    
  Proceeds from sales         (1,115)    
  Charge-offs against the valuation allowance for other real estate owned, net         (192)    
  Net gain on sales         45    
  Total other real estate owned and repossessed assets       $ 16,403    
  Less valuation allowance for other real estate owned         (3,221)    
 
Balance at December 31, 2017
       $ 13,182    
 
At December 31, 2017, no consumer mortgage loans secured by residential real estate properties were in the process of foreclosure compared to $162,000 at December 31, 2016.
Activity in the valuation allowance for other real estate owned in settlement of loans for the years ended December 31, 2017, 2016 and 2015, respectively, is summarized as follows:
(in thousands)
    
2017
    
2016
    
2015
  
Balance, beginning of year
       $ 3,129         $ 3,233         $ 3,255    
Provision for other real estate owned         284           213           17    
Charge-offs         (192)           (317)           (39)    
Balance, end of year
       $ 3,221         $ 3,129         $ 3,233