Foreclosed Assets

3 Months Ended

Mar. 31, 2016

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

Foreclosed Assets

Foreclosed Assets

The following table summarizes foreclosed assets as of the dates indicated:

	March 31,		December 31,
Property Type:	2016		2015
	(In thousands)
Commercial real estate	$	—	$	487
Construction and land development	13,800		13,801
Single family residence	897		952
Total other real estate owned, net	14,697		15,240
Other foreclosed assets	3,613		6,880
Total foreclosed assets, net	$	18,310	$	22,120

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, 2015	$	22,120
Foreclosures	129
Provision for losses	—
Reductions related to sales	(3,939		)
Balance, March 31, 2016	$	18,310