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Other Real Estate Owned (OREO) (Tables) | 9 Months Ended
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Sep. 30, 2016
Banking and Thrift [Abstract] |
Summary of Changes in the Balance for OREO | Changes in the balance for OREO are as follows (in thousands):
|  | For the nine months ended |  |  | For the year ended |
|  | September 30, |  |  | December 31, |
|  | 2016 |  |  | 2015 |
Balance at the beginning of year, gross |  | $ | 2,903 |  |  | $ | 2,263 |
Transfers in |  |  | 287 |  |  |  | 1,664 |
Charge-offs |  |  | (251 | ) |  |  | (381 | )
Sales proceeds |  |  | (2,882 | ) |  |  | (717 | )
Gain on disposition |  |  | 193 |  |  |  | 74 |
Balance at the end of period, gross |  | $ | 250 |  |  | $ | 2,903 |
Less: valuation allowance |  |  | — |  |  |  | (224 | )
Balance at the end of period, net |  | $ | 250 |  |  | $ | 2,679 |
Summary of Changes in the Valuation Allowance | Changes in the valuation allowance are as follows (in thousands):
|  | For the nine months ended |  |  | For the year ended |
|  | September 30, |  |  | September 30, |  |  | December 31, |
|  | 2016 |  |  | 2015 |  |  | 2015 |
Balance at beginning of year |  | $ | 224 |  |  | $ | 375 |  |  | $ | 375 |
Provision for losses |  |  | 27 |  |  |  | 230 |  |  |  | 230 |
Charge-offs, net |  |  | (251 | ) |  |  | (375 | ) |  |  | (381 | )
Balance at end of period |  | $ | — |  |  | $ | 230 |  |  | $ | 224 |

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- Definition Changes in allowance for OREO losses. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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