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Other Real Estate Owned (OREO)
 6 Months Ended
Jun. 30, 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):
 
Six Months Ended
 
Year Ended
 
June 30,
2018
 
December 31,
2017
Balance at the beginning of year, gross
$
326

 
$
250

Transfers in
68

 
326

Charge-offs
—

 
—

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

 
191

Balance at the end of period, gross
$
68

 
$
326

Less: valuation allowance
—

 
—

Balance at the end of period, net
$
68

 
$
326


The carrying amounts of residential real estate properties included in the ending OREO balances above totaled $68 thousand at June 30, 2018. There were no residential real estate properties included in the ending OREO balances above at December 31, 2017. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $86 thousand as of June 30, 2018.

Net expenses applicable to OREO, other than the provision for losses, were $2 thousand and $6 thousand for the six months ended June 30, 2018 and 2017, respectively, and $5 thousand for the year ended December 31, 2017.