Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2013

Real Estate Owned

Schedule of real estate owned, net

	December 31,
	2013			2012
	(In thousands)
Commercial real estate	$	173		$	3,090
Church		2,045			5,619
Gross real estate owned		2,218			8,709
Less valuation allowance		(134	)		(546	)
Real estate owned, net	$	2,084		$	8,163

Schedule of real estate owned activity

	2013			2012
	(In thousands)
Beginning balance	$	8,709		$	7,046
Loans transferred to real estate owned		3,041			10,150
Direct write-downs		(1,002	)		(1,019	)
Sales of real estate owned		(8,530	)		(7,468	)
Ending balance	$	2,218		$	8,709

Schedule of activity in valuation allowance

	2013			2012
	(In thousands)
Beginning valuation allowance	$	(546	)	$	(347	)
Additions charged to expense		(590	)		(1,218	)
Direct write-downs		1,002			1,019
Ending valuation allowance	$	(134	)	$	(546	)

Schedule of expenses related to foreclosed assets

	2013			2012
	(In thousands)
Net gains on sales	$	(112	)	$	(292	)
Provision for unrealized losses		590			1,218
Operating expenses		301			592
Total	$	779		$	1,518