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Foreclosed Assets Foreclosed Assets (Notes)
 6 Months Ended
Jun. 30, 2015
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Other Real Estate Owned and Foreclosed Assets
Foreclosed Assets
The following table summarizes foreclosed assets at the dates indicated:
 
June 30,
 
December 31,
Property Type:
2015
 
2014
 
(In thousands)
Commercial real estate
$
3,704

 
$
2,449

Construction and land development
18,942

 
24,759

Multi‑family
4,551

 
4,823

Single family residence
2,260

 
3,392

Total other real estate owned, net
29,457

 
35,423

Other foreclosed assets
2,211

 
8,298

Total foreclosed assets, net(1)
$
31,668

 
$
43,721

_________________________
(1)
As of June 30, 2015 and December 31, 2014, the amounts of covered foreclosed assets were $9.8 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
3,089

Provision for losses
(406
)
Reductions related to sales
(14,736
)
Balance, June 30, 2015
$
31,668