Other Real Estate Owned ("OREO"), net

9 Months Ended

Sep. 30, 2015

Real Estate [Abstract]

Other Real Estate Owned (OREO), net

Other Real Estate Owned (“OREO”), net

The following table presents activity related to OREO for the periods shown (dollars in thousands):

	Three months ended    September 30,						Nine months ended    September 30,
	2015			2014			2015			2014
Balance at beginning of period	$	4,040		$	5,724		$	3,309		$	3,144
Additions	—			129			1,558			3,643
Dispositions	(162		)	(1,756		)	(2,541		)	(2,070		)
Change in valuation allowance	(7		)	(65		)	1,545			(685		)
Balances at end of period	$	3,871		$	4,032		$	3,871		$	4,032

The following table summarizes activity in the OREO valuation allowance for the periods shown (dollars in thousands):

	Three months ended    September 30,					Nine months ended    September 30,
	2015		2014			2015			2014
Balance at beginning of period	$	771	$	3,014		$	2,323		$	2,394
Additions to the valuation allowance	7		219			12			925
Reductions due to sales	—		(154		)	(1,557		)	(240		)
Balance at end of period	$	778	$	3,079		$	778		$	3,079

The following table summarizes OREO expenses (income) for the periods shown (dollars in thousands):

	Three months ended    September 30,					Nine months ended    September 30,
	2015		2014			2015			2014
Operating costs	$	53	$	151		$	159		$	210
Net gains on dispositions	62		(56		)	(160		)	(119		)
Increases in valuation allowance	7		219			12			925
Total	$	122	$	314		$	11		$	1,016