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Other Real Estate Owned (Notes)
 3 Months Ended
Mar. 31, 2020
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.
 
March 31, 2020
 
December 31, 2019
 
Balance
 
Valuation Allowance
 
Net OREO Balance
 
Balance
 
Valuation Allowance
 
Net OREO Balance
One–to–four family residential
$
110

 
$
—

 
$
110

 
$
186

 
$
—

 
$
186


The following represents the roll forward of OREO and the composition of OREO properties:
 
For the Three Months Ended March 31,
 
2020
 
2019
Beginning balance
$
186

 
$
1,226

New foreclosed properties
—

 
46

Sales and other reductions
(76
)
 
(351
)
Ending balance
$
110

 
$
921


Activity in the valuation allowance is as follows:
 
For the Three Months Ended March 31,
 
2020
 
2019
Beginning balance
$
—

 
$
23

Reductions from sales of OREO
—

 
(23
)
Ending balance
$
—

 
$
—


At March 31, 2020 and December 31, 2019, 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 March 31, 2020 and December 31, 2019, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $237,000 for each period date.