Foreclosed Assets

12 Months Ended

Dec. 31, 2014

Foreclosed Assets [Abstract]

Foreclosed Assets

NOTE 6          Foreclosed Assets

A summary of activity in foreclosed assets for the period ended December 31 is as follows:

	2014			2013			2012
Balance at beginning of year	$	1,750		$	1,774		$	2,939
Transfer of loans at net realizable value to foreclosed assets		801			1,342			1,295
Sale proceeds		(782	)		(831	)		(1,527	)
Loans made on sale of foreclosed assets		(43	)		(234	)		(490	)
Net gain (loss) from sale of foreclosed assets		(10	)		105			42
Provision for write-down charged to operations		(55	)		(406	)		(485	)
Balance at end of year	$	1,661		$	1,750		$	1,774

Net gain and loss from the sale of foreclosed assets as well as the provision to expense for the partial write-down of foreclosed assets prior to sale are recorded as loss on foreclosed assets. Loss on foreclosed assets also includes periodic holding costs related to foreclosed assets. The total loss on foreclosed assets was $233, $428, and $573 during the years ended 2014, 2013, and 2012, respectively.