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Foreclosed Assets (Tables)
6 Months Ended
Jun. 30, 2016
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract]  
Other Real Estate and Foreclosed Assets
The following table summarizes foreclosed assets as of the dates indicated:
 
June 30,
 
December 31,
Property Type:
2016
 
2015
 
(In thousands)
Commercial real estate
$

 
$
487

Construction and land development
13,800

 
13,801

Single family residence
852

 
952

Total other real estate owned, net
14,652

 
15,240

Other foreclosed assets
1,529

 
6,880

Total foreclosed assets, net
$
16,181

 
$
22,120


Other Foreclosed Assets Rollforward
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
(6,068
)
Balance, June 30, 2016
$
16,181