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Other Real Estate Assets Owned (OREO) (Tables)
 12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Changes in the Balance for OREO
Changes in the balance for OREO, net of valuation allowances, are as follows:
(Dollars in thousands)
December 31, 2015
 
December 31, 2014
Balance at the beginning of year, net
$
4,051

 
$
3,424

Transfers from loans and to premises and equipment, net
287

 
3,301

Sales proceeds
(814
)
 
(2,663
)
Loss on disposition
(100
)
 
(14
)
Less valuation adjustments
(79
)
 
3

Balance at the end of year, net
$
3,345

 
$
4,051
Schedule of Real Estate Owned Classifications
The major classifications of OREO in the consolidated balance sheets at December 31, 2015 and 2014 were as follows:
(Dollars in thousands)
December 31, 2015
 
December 31, 2014
Real estate loans:
 
 
 
Construction
$
853

 
$
871

Secured by farmland
—

 
—

Secured by 1-4 family residential
1,958

 
1,035

Other real estate loans
534

 
2,145

Total real estate loans
$
3,345

 
$
4,051