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Other Real Estate Owned (OREO)
 3 Months Ended
Mar. 31, 2019
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,
2019
 
December 31,
2018
Balance at the beginning of year, gross
$
—

 
$
326

Transfers in
—

 
68

Sales proceeds
—

 
(416
)
Gain on disposition
—

 
22

Balance at the end of period, gross
$
—

 
$
—

Less: valuation allowance
—

 
—

Balance at the end of period, net
$
—

 
$
—


There were no residential real estate properties included in the ending OREO balances above at March 31, 2019 and December 31, 2018. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $149 thousand as of March 31, 2019.

The Bank did not have any expenses applicable to OREO for the three months ended March 31, 2019. Net expenses applicable to OREO, other than the provision for losses, were $1 thousand for the three months ended March 31, 2018 and $2 thousand for the year ended December 31, 2018.