Other Real Estate Owned

9 Months Ended

Sep. 30, 2016

Other Real Estate Owned [Abstract]

Other real estate owned

Note 6.Other Real Estate Owned

At September 30, 2016, OREO was comprised of two real estate properties acquired through, or in lieu of foreclosure in settlement of loans and 47 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 September 30, 2016 and January 1, 2015 to December 31, 2015.

	For the nine months ended September 30, 2016
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	220	$	7,215	$	7,435
Net proceeds from sales		(6)		(1,121)		(1,127)
Net gains on sales		1		6		7
Transfers in		28		793		821
Cash additions		—		243		243
Impairment charge		—		(143)		(143)
Ending balance	$	243	$	6,993	$	7,236

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