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REAL ESTATE OWNED, HELD FOR SALE, NET
 12 Months Ended
Dec. 31, 2016
Real Estate [Abstract]  
REAL ESTATE OWNED, HELD FOR SALE, NET
REAL ESTATE OWNED, HELD FOR SALE, NET

The following table presents the changes in REO, net of valuation allowance, for the years ended December 31, 2016, 2015 and 2014 (in thousands):
 
Years Ended December 31
 
2016
 
2015
 
2014
Balance, beginning of period
$
11,627

 
$
3,352

 
$
4,044

Additions from loan foreclosures
8,909

 
4,351

 
3,264

Additions from capitalized costs
—

 
298

 
30

Additions from acquisitions
400

 
8,231

 
—

Proceeds from dispositions of REO
(10,812
)
 
(4,740
)
 
(4,923
)
Gain on sale of REO
1,833

 
351

 
973

Valuation adjustments in the period
(876
)
 
(216
)
 
(36
)
Balance, end of period
$
11,081

 
$
11,627

 
$
3,352



At December 31, 2016, and 2015, the Company had $917,000 and $3.4 million, respectively, of foreclosed residential real estate properties held as REO. The recorded investment in one- to four-family residential loans in the process of foreclosure was $715,000 at December 31, 2016 and $2.8 million at December 31, 2015.