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REAL ESTATE OWNED, NET (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2015 and 2014 (in thousands):
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
2015

 
2014

 
2015

 
2014

Balance, beginning of the period
$
6,105

 
$
4,388

 
$
3,352

 
$
4,044

Additions from loan foreclosures
1,085

 
135

 
3,226

 
2,837

Additions from acquisitions

 

 
2,525

 

Additions from capitalized costs

 

 
298

 
35

Proceeds from dispositions of REO
(906
)
 
(860
)
 
(3,155
)
 
(3,631
)
Gain on sale of REO
113

 
265

 
333

 
680

Valuation adjustments in the period
(34
)
 

 
(216
)
 
(37
)
Balance, end of the period
$
6,363

 
$
3,928

 
$
6,363

 
$
3,928