Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2014

Real Estate Owned

Schedule of real estate owned, net

	December 31,
	2014		2013
	(In thousands)
Commercial real estate	$	—	$	173
Church		2,082		2,045
Gross real estate owned		2,082		2,218
Less valuation allowance		—		(134	)
Real estate owned, net	$	2,082	$	2,084

Schedule of real estate owned activity

	2014			2013
	(In thousands)
Beginning balance	$	2,218		$	8,709
Loans transferred to real estate owned		3,314			3,041
Direct write-downs		(591	)		(1,002	)
Sales of real estate owned		(2,859	)		(8,530	)
Ending balance	$	2,082		$	2,218

Schedule of activity in valuation allowance

	2014			2013
	(In thousands)
Beginning valuation allowance	$	(134	)	$	(546	)
Additions charged to expense		(457	)		(590	)
Direct write-downs		591			1,002
Ending valuation allowance	$	—		$	(134	)

Schedule of expenses related to foreclosed assets

	2014			2013
	(In thousands)
Net gains on sales	$	(12	)	$	(112	)
Provision for losses		457			590
Operating expenses		127			301
Total net expenses	$	572		$	779