Other Real Estate Owned

12 Months Ended

Dec. 31, 2016

Other Real Estate Owned [Abstract]

Other real estate owned

Note 6.Other Real Estate Owned

At December 31, 2016, OREO is comprised of two properties acquired through, or in lieu of, foreclosure in settlement of loans and 41 real estate properties, primarily located in New Jersey, acquired through foreclosure related to tax liens.  Set forth below are tables which detail the changes in OREO from December 31, 2015 to December 31, 2016 and December 31, 2014 to December 31, 2015.

	For the year ended December 31, 2016
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	220	$	7,215	$	7,435
Net proceeds from sales		(7)		(5,458)		(5,465)
Net gains on sales		1		677		678
Transfers in		28		831		859
Cash additions		—		290		290
Impairment charge		(6)		(255)		(261)
Ending balance	$	236	$	3,300	$	3,536

	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 December 31, 2016, OREO was comprised of $208 thousand in land, $3.3 million in tax liens, and $28 thousand in residential real estate related to a single family home.  At December 31, 2015, OREO assets acquired through the tax lien portfolio were comprised of 60 properties and were primarily located in New Jersey.