Other Real Estate Owned

12 Months Ended

Dec. 31, 2015

Real Estate Owned, Disclosure of Detailed Components [Abstract]

Other Real Estate Owned

OREO

The Company's OREO activity is presented in the below as of and for the years ended:

	December 31,
	2015			2014			2013
Balance at beginning of year	$	1,587		$	2,195		$	1,313
Additions	2,904			1,337			1,958
Disposals	(2,957		)	(1,759		)	(906		)
Write-downs	(230		)	(186		)	(170		)
Balance at end of year	$	1,304		$	1,587		$	2,195

The Company's OREO portfolio by property type is presented in the table below as of:

	December 31,
	2015			2014
	Number of Properties	Carrying Value		Number of Properties	Carrying Value
Residential	2	$	241	11	$	575
Commercial	7	1,063		6	1,012
Total	9	$	1,304	17	$	1,587

In connection with the SBM acquisition, the Company obtained six commercial properties designated as OREO. The carrying value of these properties at the time of acquisition and at December 31, 2015 was $729,000. Additionally, in connection with the SBM acquisition, the Company consolidated four of its branch locations. Two of these branch locations the Company owned and were transferred into OREO at the lower of cost or NRV with a carrying value $401,000.

The Company recorded a net loss on sale of OREO property of $132,000 and $29,000 for the years ended December 31, 2015 and 2014, respectively, and a net gain on sale of OREO property of $40,000 for the year ended December 31, 2013. The gain or loss recorded on sale of OREO properties is presented within other real estate owned and collection costs on the consolidated statements of income.