OTHER REAL ESTATE OWNED (Tables)

12 Months Ended

Dec. 31, 2014

OTHER REAL ESTATE OWNED [Abstract]

Schedule of activity in other real estate owned and related valuation allowance

The following table shows the activity in other real estate owned, excluding the valuation allowance, for the years ended December 31,

(In thousands)	2014			2013
Balance, beginning of year	$	3,961		$	4,506
OREO properties added		744			3,119
Sales during year		(961	)		(3,664	)
Balance, end of year	$	3,744		$	3,961

The following table shows the activity in the valuation allowance for the years ended December 31,

(In thousands)	2014		2013		2012
Balance, beginning of year	$	2,020	$	1,010	$	865
Additions charged to expense		400		1,010		145
Direct writedowns		—		—		—
Balance, end of year	$	2,420	$	2,020	$	1,010

Schedule of expenses related to other real estate owned

The following table shows expenses related to other real estate owned for the years ended December 31,

(In thousands)	2014			2013			2012
Net (gain)/loss on sales	$	(139	)	$	(85	)	$	89
Provision for unrealized losses		400			1,010			145
Operating expenses, net of rental income		179			179			356
Total	$	440		$	1,104		$	590