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Other Real Estate Owned (Notes)
 9 Months Ended
Sep. 30, 2019
Other Real Estate [Abstract]  
Real Estate Owned [Text Block]
Real estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as other real estate owned ("OREO") until it is sold. When real estate is acquired through foreclosure or by deed in lieu of foreclosure, it is recorded at its fair value, less the estimated costs of disposal. If the fair value of the property is less than the loan balance, the difference is charged against the allowance for loan losses.
 
September 30, 2019
 
December 31, 2018
 
Balance
 
Valuation Allowance
 
Net OREO Balance
 
Balance
 
Valuation Allowance
 
Net OREO Balance
One–to–four family residential
$
307

 
$
(38
)
 
$
269

 
$
875

 
$
—

 
$
875

Multi-family mortgage
—

 
—

 
—

 
276

 
—

 
276

Nonresidential real estate
—

 
—

 
—

 
74

 
—

 
74

Land
—

 
—

 
—

 
24

 
(23
)
 
1

 
$
307

 
$
(38
)
 
$
269

 
$
1,249

 
$
(23
)
 
$
1,226


The following represents the roll forward of OREO and the composition of OREO properties:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Beginning balance
$
497

 
$
1,187

 
$
1,226

 
$
2,351

New foreclosed properties
30

 
403

 
76

 
1,241

Valuation adjustments
(17
)
 
(1
)
 
(38
)
 
(27
)
Sales and payments
(241
)
 
(604
)
 
(995
)
 
(2,580
)
Ending balance
$
269

 
$
985

 
$
269

 
$
985


Activity in the valuation allowance is as follows:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Beginning balance
$
21

 
$
44

 
$
23

 
$
305

Additions charged to expense
17

 
1

 
38

 
27

Reductions from sales of OREO
—

 
(22
)
 
(23
)
 
(309
)
Ending balance
$
38

 
$
23

 
$
38

 
$
23


At September 30, 2019 and December 31, 2018, the balance of OREO included no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At September 30, 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 $617,000 and $349,000, respectively.