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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2015
Other Real Estate [Abstract]  
Other Real Estate Owned
Other Real Estate Owned

The following table is a summary of OREO activity for the periods indicated: 
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
 
 
Balance at beginning of year
$
9,283

 
$
11,465

 
$
17,347

   Loans transferred to OREO
141

 
1,823

 
6,485

   Capitalized (reimbursed) improvements
—

 
120

 
75

Gross proceeds from sale of OREO
(6,246
)
 
(3,646
)
 
(13,151
)
Gain (loss) on sale of OREO
526

 
(86
)
 
1,112

   Market value adjustments
(41
)
 
(393
)
 
(403
)
Balance at end of year
$
3,663

 
$
9,283

 
$
11,465


 
OREO includes properties acquired by the Company through foreclosure and deed in lieu of foreclosure. OREO at December 31, 2015 consisted of $3.5 million in commercial real estate properties and $173,000 in construction/land development projects.