XML 51 R14.htm IDEA: XBRL DOCUMENT

OTHER REAL ESTATE OWNED ("OREO")	9 Months Ended
OTHER REAL ESTATE OWNED ("OREO")	Sep. 30, 2015
OTHER REAL ESTATE OWNED ("OREO") [Abstract]
OTHER REAL ESTATE OWNED ("OREO")	7. OTHER REAL ESTATE OWNED (“OREO”) At the time of foreclosure, real estate is recorded at fair market value based on appraised value less estimated costs to sell, such as realtor, legal and recording fees and expenses. Subsequent to foreclosure, properties are appraised annually and adjusted to the lower of carrying amount or fair market value less estimated costs to sell. At September 30, 2015 and December 31, 2014, OREO totaled $2.1 million and $3.1 million, respectively. At September 30, 2015, $441 thousand of OREO was comprised of residential real estate. Also as of September 30, 2015 $377 thousand of consumer mortgage loans collateralized by residential real estate were in the process of foreclosure according to local requirements of the applicable jurisdictions.