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Other Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
Summary of Changes in the Balance for OREO

Changes in the balance for OREO are as follows (in thousands):

 

     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 year, gross

   $ 250      $ 2,903  

Less: valuation allowance

     —          (224
  

 

 

    

 

 

 

Balance at the end of year, net

   $ 250      $ 2,679  
  

 

 

    

 

 

 
Summary of Changes in the Allowance for OREO Losses

Changes in the allowance for OREO losses are as follows (in thousands):

 

     2016      2015  

Balance at beginning of year

   $ 224      $ 375  

Provision for losses

     27        230  

Charge-offs, net

     (251      (381
  

 

 

    

 

 

 

Balance at end of year

   $ —        $ 224