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REAL ESTATE OWNED, NET (Tables)
3 Months Ended
Mar. 31, 2015
Real Estate [Abstract]  
Schedule of Changes in Real Estate Owned, Net of Valuation Adjustments
The following table presents the changes in REO for the three months ended March 31, 2015 and 2014 (in thousands):
 
Three Months Ended
March 31
 
2015

 
2014

Balance, beginning of the period
$
3,352

 
$
4,044

Additions from loan foreclosures
668

 
707

Additions from acquisitions
2,525

 

Additions from capitalized costs

 
4

Proceeds from dispositions of REO
(1,738
)
 
(1,641
)
Gain on sale of REO
115

 
159

Valuation adjustments in the period

 
(37
)
Balance, end of the period
$
4,922

 
$
3,236

Schedule of Real Estate Owned by Type and Geographic Location by State
The following table shows REO by type and geographic location by state as of March 31, 2015 (in thousands):
 
Washington
 
Oregon
 
Idaho
 
Total
One- to four-family construction
912

 
2,602

 

 
3,514

Land development—residential
$
144

 
$
1,231

 
$
33

 
$
1,408

Balance, end of period
$
1,056

 
$
3,833

 
$
33

 
$
4,922