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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2014
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Other Real Estate Owned | 8. OTHER REAL ESTATE OWNED The following table summarizes the activity related to total OREO for the years ended December 31, 2014 and 2013:
|  | For the Year Ended December 31, |
|  | 2014 |  |  | 2013 |
|  | (Dollars in thousands) |
Balance, beginning of period |  | $ | 6,979 |  |  | $ | 15,899 |
Additions |  |  | 3,591 |  |  |  | 1,492 |
Dispositions |  |  | (4,868 | ) |  |  | (9,923 | )
Valuation adjustments |  |  | (65 | ) |  |  | (489 | )
Balance, end of period |  | $ | 5,637 |  |  | $ | 6,979 |

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