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Other Real Estate Owned (OREO)
 3 Months Ended
Mar. 31, 2018
Real Estate [Abstract]  
Other Real Estate Owned (OREO)
Other Real Estate Owned (OREO)

Changes in the balance for OREO are as follows (in thousands):
 
Three Months Ended
 
Year Ended
 
March 31,
2018
 
December 31,
2017
Balance at the beginning of year, gross
$
326

 
$
250

Transfers in
—

 
326

Charge-offs
—

 
—

Sales proceeds
(350
)
 
(441
)
Gain on disposition
24

 
191

Balance at the end of period, gross
$
—

 
$
326

Less: valuation allowance
—

 
—

Balance at the end of period, net
$
—

 
$
326


There were no residential real estate properties included in the ending OREO balances above at March 31, 2018 and December 31, 2017. The Bank did not have any consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process as of March 31, 2018.

Net expenses applicable to OREO, other than the provision for losses, were $1 thousand and $2 thousand for the three months ended March 31, 2018 and 2017, respectively and $5 thousand for the year ended December 31, 2017.