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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Other Real Estate Owned
OTHER REAL ESTATE OWNED
 
The Company had no other real estate owned (OREO) at December 31, 2015 or December 31, 2014. The table below provides a summary of the change in other real estate owned (OREO) balances for the years ended December 31, 2015 and 2014 (in thousands):
 
 
December 31,
 
 
2015

2014
Balance, beginning of year
 
$
—

 
$
190

Additions
 
227

 
235

1st lien assumed upon foreclosure
 
121

 
—

Dispositions
 
(359
)
 
(488
)
Write-downs
 
—

 
—

Net gain on dispositions
 
11

 
63

Balance, end of year
 
$
—

 
$
—



As of December 31, 2015 the Bank had no OREO properties. In 2015, the Bank foreclosed on one property collateralized by real estate. Proceeds from OREO sales totaled $359,000 during 2015. The Company realized $11,000 in net gains from the sale of all properties.
As of December 31, 2014 the Bank had no OREO properties. In 2014, the Bank foreclosed on one property collateralized by real estate. Proceeds from OREO sales totaled $488,000 during 2015. The Company realized $63,000 in net gains from the sale of all properties.