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Real Estate and Other Assets Owned (Tables)
3 Months Ended
Mar. 31, 2016
Text Block [Abstract]  
Presentation of Balances in Other Real Estate and Assets Owned and Non-Accrual Loans Consisting Other Non-Performing Loan

At March 31, 2016, December 31, 2015, and March 31, 2015, the Company had balances in other real estate and assets owned and non-accrual loans consisting of the following:

 

     March 31, 2016     December 31, 2015     March 31, 2015  
     (Dollars in Thousands)  

One-to-four family mortgages

   $ 55        55        175   

Land

     943        943        1,768   

Non-residential real estate

     459        738        409   
  

 

 

   

 

 

   

 

 

 

Total other assets owned

   $ 1,457        1,736        2,352   
  

 

 

   

 

 

   

 

 

 

Total non-accrual loans

   $ 5,029        7,422        2,124   
  

 

 

   

 

 

   

 

 

 

Total non-performing assets

   $ 6,486        9,158        4,476   
  

 

 

   

 

 

   

 

 

 

Non-performing assets /Average assets

     0.73     1.02     0.50
  

 

 

   

 

 

   

 

 

 
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 three month period ending March 31, 2016:

 

            Activity During 2016                     
     Balance                   Reduction      Gain (Loss)     Balance  
     12/31/2015      Foreclosures      Proceeds     in Values      on Sale     3/31/2016  
     (Dollars in Thousands)  

One-to-four family mortgages

   $ 55         —           —          —           —        $ 55   

Land

     943         —           —          —           —          943   

Non-residential real estate

     738         —           (270     —           (9     459   

Consumer

     —           12         (12     —           —          —     
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 1,736         12         (282     —           (9   $ 1,457   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

The following is a summary of the activity in the Company’s real estate and other assets owned for the year ended December 31, 2015:

 

     Activity During 2015  
     Balance                   Reduction      Gain (Loss)     Balance  
     12/31/2014      Foreclosures      Proceeds     in Values      on Sale     12/31/2015  
     (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