OREO declined $249,000 from $9.6 million at December 31, 2013 to $9.4 million at March 31, 2014. During the past twelve months there was a shift in OREO composition from real estate acquired through, or in lieu of foreclosure in settlement of loans to real estate acquired through foreclosure related to tax liens. Set forth below are tables which detail the changes in OREO from December 31, 2013 to March 31, 2014 and December 31, 2012 to December 31, 2013.

	For the three months ended March 31, 2014
(In thousands)	Loans			Tax Liens			Total
Beginning balance	$	1,725		$	7,892		$	9,617
Net proceeds from sales		(55	)		(820	)		(875	)
Net (losses) gains on sales		(14	)		143			129
Assets acquired on non-accrual loans		-			672			672
Impairment charge		(74	)		(101	)		(175	)
Ending balance	$	1,582		$	7,786		$	9,368

	For the year ended December 31, 2013
(In thousands)	Loans			Tax Liens			Total
Beginning balance	$	11,365		$	2,070		$	13,435
Net proceeds from sales		(8,869	)		(3,910	)		(12,779	)
Net gain on sales		228			1,199			1,427
Assets acquired on non-accrual loans		100			8,951			9,051
Impairment charge		(1,099	)		(418	)		(1,517	)
Ending balance	$	1,725		$	7,892		$	9,617