Other Real Estate Owned

9 Months Ended

Sep. 30, 2015

Other Real Estate Owned [Abstract]

Other real estate owned

Note 6.Other Real Estate Owned

At September 30, 2015, OREO was comprised of five real estate properties acquired through, or in lieu of foreclosure in settlement of loans and 70 real estate properties acquired through foreclosure related to tax liens.  Set forth below are tables which detail the changes in OREO from January 1, 2015 to September 30, 2015 and January 1, 2014 to December 31, 2014.

	For the nine months ended September 30, 2015
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	349	$	9,430	$	9,779
Net proceeds from sales		(1,569)		(2,867)		(4,436)
Net gains on sales		61		708		769
Transfers in		1,672		2,296		3,968
Cash additions		—		418		418
Transfer to loans		—		(995)		(995)
Impairment charge		(125)		(534)		(659)
Ending balance	$	388	$	8,456	$	8,844

	For the year ended December 31, 2014
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	1,725	$	7,892	$	9,617
Net proceeds from sales		(1,336)		(2,970)		(4,306)
Net gain on sales		59		684		743
Transfers in		—		2,919		2,919
Cash additions		—		1,330		1,330
Impairment charge		(99)		(425)		(524)
Ending balance	$	349	$	9,430	$	9,779

At September 30, 2015, OREO was comprised of $319,000 in land, $8.4 million in tax liens, and $69,000in residential real estate related to a condominium construction project in Minneapolis, Minnesota in which the Company is a participant and a single family home.  The properties acquired through the tax lien portfolio were primarily located in New Jersey.