XML 103 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 30, 2014
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED
The following table presents the activity in other real estate owned for the periods indicated:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
2014
 
2013
 
2014
 
2013
 
(In thousands)
Balance at beginning of period
$
605

 
$
1,537

 
$
—

 
$
4,527

Additions
—

 
—

 
653

 
486

Sales and net direct write-downs
—

 
(154
)
 
(48
)
 
(5,630
)
Net change in valuation allowance
—

 
—

 
—

 
2,000

Balance at end of period
$
605

 
$
1,383

 
$
605

 
$
1,383


The following table presents the activity in the other real estate owned valuation allowance for the periods indicated:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Balance at beginning of period
$
—

 
$
42

 
$
—

 
$
2,069

Additions
—

 
18

 
—

 
97

Net direct write-downs and removals from sale
—

 
(18
)
 
—

 
(2,124
)
Balance at end of period
$
—

 
$
42

 
$
—

 
$
42


The following table presents expenses related to foreclosed assets included in loan servicing and foreclosure expenses on the consolidated statements of operations for the periods indicated:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Net gain (loss) on sales
$
—

 
$
(73
)
 
$
—

 
$
(224
)
Operating expenses, net of rental income
—

 
(22
)
 
—

 
(322
)
Total
$
—

 
$
(95
)
 
$
—

 
$
(546
)

The Company did not provide loans for sale of other real estate owned during the three and nine months ended September 30, 2014 and 2013.