Other Real Estate Owned, Net (Tables)

12 Months Ended

Dec. 31, 2014

Net of Valuation Allowances for Losses on Other Real Estate Owned

OREO is presented net of a valuation allowance for losses. An analysis of the valuation allowance on OREO is shown below.

	Years ended
(Dollars in thousands)	2014			2013
Balance, beginning of year	$	538		$	562
Provision for losses		235			300
Charge-offs		(147	)		(324	)
Balance, end of period	$	626		$	538

Components of Expenses Applicable to Foreclosed Assets

Expenses applicable to OREO include the following:

	Years ended
(Dollars in thousands)	2014		2013
Net loss on sales of real estate	$	92	$	263
Provision for losses		235		300
Operating expenses, net of income		131		124
Total expenses	$	458	$	687

Summary of Properties Included in Other Real Estate Owned (OREO)

The following table details the properties included in OREO as of December 31, 2014 and December 31, 2013. There was one collateralized consumer residential mortgage loan with a balance of $129 thousand in the process of foreclosure as of December 31, 2014. The Company accepted a deed in lieu of foreclosure on this property in January 2015.

	As of December 31, 2014				As of December 31, 2013
	No. of		Carrying		No. of		Carrying
(Dollars in thousands)	Properties		Value		Properties		Value
Residential		10	$	1,559		11	$	2,442
Land lots		13		587		14		684
Convenience store		2		234		2		239
Restaurant		1		107		1		107
Commerical properties		1		304		2		425
Total		27	$	2,791		30	$	3,897