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Other Real Estate (Notes)
 12 Months Ended
Dec. 31, 2015
Other Real Estate Owned [Abstract]  
Real Estate Owned [Text Block]
OTHER REAL ESTATE OWNED
Real estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as OREO until it is sold. When real estate is acquired through foreclosure or by deed in lieu of foreclosure, it is recorded at its fair value, less the estimated costs of disposal. If the fair value of the property is less than the loan balance, the difference is charged against the allowance for loan losses.
The following represents the roll forward of OREO and the composition of OREO properties.
 
 
At and For the Years Ended December 31,
 
 
2015
 
2014
 
 
(Dollars in thousands)
Beginning balance
 
$
6,358

 
$
6,306

New foreclosed properties
 
5,875

 
5,449

Valuation adjustments
 
(548
)
 
(448
)
Sales
 
(4,674
)
 
(4,949
)
Ending balance
 
$
7,011

 
$
6,358


 
December 31, 2015
 
December 31, 2014
 
Balance
 
Valuation Allowance
 
Net OREO Balance
 
Balance
 
Valuation Allowance
 
Net OREO Balance
 
(Dollars in thousands)
One–to–four family residential
$
2,684

 
$
(63
)
 
$
2,621

 
$
1,318

 
$
(55
)
 
$
1,263

Multi-family mortgage
1,025

 
(74
)
 
951

 
2,530

 
(223
)
 
2,307

Nonresidential real estate
1,986

 
(239
)
 
1,747

 
964

 
(79
)
 
885

Land
2,358

 
(666
)
 
1,692

 
2,442

 
(539
)
 
1,903

 
8,053

 
(1,042
)
 
7,011

 
7,254

 
(896
)
 
6,358


Activity in the valuation allowance is as follows:
 
 
At and For the Years Ended December 31,
 
 
2015
 
2014
 
 
(Dollars in thousands)
Beginning of year
 
$
896

 
$
902

Additions charged to expense
 
548

 
438

Reductions from sales of other real estate owned
 
(402
)
 
(444
)
End of year
 
$
1,042

 
$
896