Other Real Estate Owned

12 Months Ended

Dec. 31, 2014

Other Real Estate Owned [Abstract]

Other Real Estate Owned

NOTE 6 – Other Real Estate Owned

Other real estate owned is comprised of real estate acquired in settlement of loans and is included in other assets on the balance sheet. At December 31, 2014, other real estate owned included nine properties totaling $3.3 million, compared to $1.2 million at December 31, 2013. The following summarizes the activity in the real estate acquired in settlement of loans portion of other real estate owned:

	For the year ended December 31,
(dollars in thousands)	2014			2013
Balance, beginning of year	$	1,198			1,719
Additions		3,159			1,354
Sales		(730	)		(1,745	)
Write-downs		(320	)		(130	)
Balance, end of year	$	3,307			1,198