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Other Real Estate Owned (OREO)
 9 Months Ended
Sep. 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):
 
Nine Months Ended
 
Year Ended
 
September 30,
2018
 
December 31,
2017
Balance at the beginning of year, gross
$
326

 
$
250

Transfers in
68

 
326

Charge-offs
—

 
—

Sales proceeds
(416
)
 
(441
)
Gain on disposition
22

 
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 September 30, 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 September 30, 2018.

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