Foreclosed Assets Foreclosed Assets (Notes)

3 Months Ended

Mar. 31, 2015

Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]

Other Real Estate Owned and Foreclosed Assets

Note 7.  Foreclosed Assets

The following table summarizes foreclosed assets at the dates indicated:

Property Type:	March 31, 2015		December 31, 2014
	(In thousands)
Commercial real estate	$	1,036	$	2,449
Construction and land development	18,942		24,759
Multi‑family	4,964		4,823
Single family residence	3,253		3,392
Total other real estate owned, net	28,195		35,423
Other foreclosed assets	7,745		8,298
Total foreclosed assets, net(1)	$	35,940	$	43,721

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(1) As of March 31, 2015 and December 31, 2014 , the amounts of covered foreclosed assets were $8.1 million and $9.3 million.

The following table presents the changes in foreclosed assets, net of the valuation allowance, for the period indicated:

	Foreclosed Assets
	(In thousands)
Balance, December 31, 2014	$	43,721
Foreclosures	394
Provision for losses	(124		)
Reductions related to sales	(8,051		)
Balance, March 31, 2015	$	35,940