Foreclosed Assets

12 Months Ended

Dec. 31, 2015

Other Real Estate And Foreclosed Assets [Abstract]

Foreclosed assets

(6) Foreclosed assets

Other real estate and certain other assets acquired in foreclosure are carried at the lower of the recorded investment in the loan or fair value less estimated costs to sell the property. An analysis of foreclosed properties for the years ended December 31, 2015 and 2014 follows (in thousands).

	Year ended December 31,
		2015			2014
Balance at beginning of year	$	2,340		$	427
Transfers from loans		201			2,262
Foreclosed property sold		(1,200	)		(289	)
Write-down of foreclosed property		(175	)		(60	)
Foreclosed assets acquired in merger		783			—
Balance at end of year	$	1,949		$	2,340

Expenses applicable to foreclosed assets for the years ended December 31, 2015 and 2014 include the following (amounts in thousands).

	Year ended December 31,
	2015			2014
Net (gain) loss on sales of foreclosed assets	$	(58	)	$	10
Write-down of foreclosed property		175			60
Operating expenses, net of rental income		50			12
Total	$	167		$	82