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Foreclosed Assets Foreclosed Assets (Tables)
 12 Months Ended
Dec. 31, 2015
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Other Real Estate and Foreclosed Assets
The following table summarizes foreclosed assets at the dates indicated:
Property Type:
December 31, 2015
 
December 31, 2014
 
(In thousands)
Commercial real estate
$
487

 
$
2,449

Construction and land development
13,801

 
24,759

Multi‑family
—

 
4,823

Single family residence
952

 
3,392

Total other real estate owned, net
15,240

 
35,423

Other foreclosed assets
6,880

 
8,298

Total foreclosed assets, net
$
22,120

 
$
43,721
Other Foreclosed Assets Rollforward
The following table presents the changes in foreclosed assets, net of the valuation allowance, for the years indicated:
 
Year Ended December 31,
Foreclosed Assets:
2015
 
2014
 
2013

(In thousands)
Balance, beginning of year
$
43,721

 
$
55,891

 
$
56,414

Addition due to acquisitions
—

 
6,382

 
13,772

Foreclosures
13,472

 
9,806

 
19,470

Provision for losses
(5,228
)
 
(7,307
)
 
(2,515
)
Reductions related to sales
(29,845
)
 
(21,051
)
 
(31,289
)
Payments to third parties(1)
—

 
—

 
39

Balance, end of year
$
22,120

 
$
43,721

 
$
55,891

_________________________
(1)
Represents amounts due to participants and for guarantees, property taxes or other prior lien positions.
Foreclosed Assets Valuation Allowance Rollforward
The following table presents the changes in the foreclosed assets valuation allowance for the years indicated:
 
Year Ended December 31,
Foreclosed Assets Valuation Allowance:
2015
 
2014
 
2013
 
(In thousands)
Balance, beginning of year
$
12,123

 
$
11,314

 
$
16,681

Provision for losses
5,228

 
7,307

 
2,515

Reductions related to sales
(7,105
)
 
(6,498
)
 
(7,882
)
Balance, end of year
$
10,246

 
$
12,123

 
$
11,314