Other Real Estate Owned

6 Months Ended

Jun. 30, 2016

Other Real Estate Owned [Abstract]

Other real estate owned

Note 6.Other Real Estate Owned

At June 30, 2016, OREO was comprised of two real estate properties acquired through, or in lieu of foreclosure in settlement of loans and 51 real estate properties acquired through foreclosure related to tax liens.  Set forth below are tables which detail the changes in OREO from January 1, 2016 to June 30, 2016 and January 1, 2015 to December 31, 2015.

	For the six months ended June 30, 2016
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	220	$	7,215	$	7,435
Net proceeds from sales		(6)		(793)		(799)
Net gains (losses) on sales		1		49		50
Transfers in		28		426		454
Cash additions		—		157		157
Impairment charge		—		(89)		(89)
Ending balance	$	243	$	6,965	$	7,208

	For the year ended December 31, 2015
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	349	$	9,430	$	9,779
Net proceeds from sales		(1,735)		(4,730)		(6,465)
Net gain on sales		60		859		919
Transfers in		1,671		2,671		4,342
Cash additions		—		558		558
Transfer to loans		—		(995)		(995)
Impairment charge		(125)		(578)		(703)
Ending balance	$	220	$	7,215	$	7,435

At June 30, 2016, OREO was comprised of $215 thousand in land, $7.0 million in tax liens, and $28 thousandin residential real estate related to a single family home.  The properties acquired through the tax lien portfolio were primarily located in New Jersey.