XML 51 R11.htm IDEA: XBRL DOCUMENT v2.4.1.9
Other Real Estate Owned
 3 Months Ended
Mar. 31, 2015
Other Real Estate Owned [Abstract]  
Other Real Estate Owned
(5)  Other Real Estate Owned

The aggregate carrying amount of Other Real Estate Owned (OREO) at March 31, 2015 and December 31, 2014 was $11,979 and $10,402, respectively.  All of the Company’s other real estate owned represents properties acquired through foreclosure or deed in lieu of foreclosure.  The following table details the change in OREO for the three months ended March 31, 2015 and the year ended December 31, 2014.

  
Three Months Ended
March 31, 2015
  
Twelve Months Ended
December 31, 2014
 
     
Balance, Beginning
 
$
10,402
  
$
15,502
 
         
Additions
  
4,219
   
3,853
 
Sales of OREO
  
(2,631
)
  
(7,102
)
Losses on Sale
  
(11
)
  
(844
)
Provision for Losses
  
-
   
(1,007
)
         
Balance, Ending
 
$
11,979
  
$
10,402
 

At March 31, 2015, the Company held $2.33 million of residential real estate property as foreclosed property.  Also at March 31, 2015, $447 thousand of consumer mortgage loans collateralized by residential real estate property were in the process of foreclosure according to local requirements of the applicable jurisdictions.