v2.4.1.9
Other Real Estate Owned (Tables)
 3 Months Ended
Mar. 31, 2015
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Summary of Other Real Estate Owned
The following tables set forth activity in OREO for the three months ended March 31, 2015 and 2014:
 
 
Three Months Ended March 31,
 
 
2015
 
2014
 
 
(in thousands)
Balance, beginning of period
 
$
22,190

 
$
35,927

Transfers in
 
4,692

 
5,751

Valuation adjustments
 
(197
)
 
(1,580
)
Proceeds from sale of OREO property
 
(5,122
)
 
(11,205
)
Gain on sale of OREO, net
 
1,736

 
1,659

Balance, end of period
 
$
23,299

 
$
30,552