6. Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Components Of Other Real Estate Owned

The following schedule reflects the components of other real estate owned at December 31, 2015 and 2014:

(in 000’s)	2015	2014	2013
Commercial real estate	$  297	$  191	$  191
Residential real estate	183	373	242
Total	$  480	$  564	$ 433

Schedule of Change in Other Real Estate Owned

A summary of the change in other real estate owned follows:

(in 000’s)	Year Ended December 31, 2015	Year Ended December 31, 2014
Beginning Balance	$    564	$   433
Additions, transfers from loans	148	240
Sales	(272)	(96)
	441	577
Write-ups (write-downs)	39	(13)
Ending Balance	$    480	$  564

Schedule of Components of Net Expense of Other Real Estate Owned

The following table details the components of net expense of other real estate owned.

(in 000’s)	Year ended December 31, 2015	Year ended December 31, 2014
Insurance	$  15	$ 21
Legal fees	-	2
Maintenance	-	-
Professional fees	-	-
Real estate taxes	14	20
Utilities	3	4
Transfer-in write-up	(88)	(47)
Impairment charges	49	13
Other	18	8
Total	$11	$  21