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OREO and Other Repossessed Assets
 12 Months Ended
Sep. 30, 2016
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
OREO and Other Repossessed Assets
OREO and Other Repossessed Assets

The following table presents the activity related to OREO and other repossessed assets for the years ended September 30, 2016 and 2015 (dollars in thousands):
 
2016
 
2015
 
Amount

 
Number

 

Amount

 
Number

Balance, beginning of year
$
7,854

 
35

 
$
9,092

 
40

Additions to OREO and other repossessed assets
307

 
4

 
2,120

 
12

Capitalized improvements
142

 
—

 
3

 
—

Writedowns
(435
)
 
—

 
(644
)
 
—

Sales of OREO and other repossessed assets
(3,751
)
 
(16
)
 
(2,717
)
 
(17
)
Balance, end of year
$
4,117

 
23

 
$
7,854

 
35



At September 30, 2016, OREO and other repossessed assets consisted of 22 OREO properties and one other repossessed asset in Washington, with balances ranging from $6,000 to $957,000.  At September 30, 2015, OREO consisted of 34 OREO properties and one other repossessed asset in Washington, with balances ranging from $6,000 to $1,091,000.  The Company recorded net gains on sales of OREO and other repossessed assets of $47,000, $110,000, and $169,000 for the years ended September 30, 2016, 2015 and 2014, respectively. Gains and losses on sales of OREO and other repossessed assets are recorded in the OREO and other repossessed assets, net category in non-interest expense in the accompanying consolidated statements of income.

At September 30, 2016, the recorded amount of foreclosed residential real estate properties held in OREO as a result of obtaining physical possession was $1.07 million and the amount of one- to four-family properties in process of foreclosure totaled $138,000.