Real Estate and Other Assets Owned (Tables)

9 Months Ended

Sep. 30, 2015

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Presentation of Balances in Other Real Estate and Other Assets Owned and Non-Accrual Loans Consisting Other Non-Performing Loan

At September 30, 2015, December 31, 2014, and September 30, 2014, the composition of the Company’s balance of non-accrual loans, real estate owned and other assets owned are as follows:

	September 30, 2015			December 31, 2014			September 30, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	55			159			120
Land		943			1,768			1,834
Non-residential real estate		738			—			—
Total other assets owned	$	1,736			1,927			1,954
Total non-accrual loans	$	7,158			3,175			1,117
Past due 90 days still accruing		1,486			—			—
Total non-performing assets	$	10,380			5,102			3,071
Non-performing assets / Total assets		1.18	%		0.55	%		0.33	%

Summary of Activity in Company's Real Estate and Other Assets Owned

The following is a summary of the activity in the Company’s real estate and other assets owned for the nine month period ending September 30, 2015:

			Activity During 2015
	Balance							Reduction		Gain (Loss)			Balance
	December 31, 2014		Foreclosures		Proceeds			in Values		on Sale			September 30, 2015
	(Dollars in Thousands)
One-to-four family mortgages	$	159		105		(194	)		—		(15	)		55
Land		1,768		—		(124	)		—		(701	)		943
Non-residential real estate		—		738		—			—		—			738
Total	$	1,927		843		(318	)		—		(716	)		1,736

The following is a summary of the activity in the Company’s real estate and other assets owned for the year ended December 31, 2014:

	Activity During 2014
	Balance							Reduction			Gain (Loss)			Balance
	December 31, 2013		Foreclosures		Sales			in Values			on Sale			December 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	350		461		(667	)		(5	)		20			159
Land		1,124		943		(123	)		(157	)		(19	)		1,768
Non-residential real estate		200		175		(328	)		—			(47	)		—
Total	$	1,674		1,579		(1,118	)		(162	)		(46	)		1,927