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OTHER REAL ESTATE OWNED
 3 Months Ended
Mar. 31, 2015
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 
 March 31,
2015
 
2014
 
(In thousands)
Balance at beginning of period
$
423

 
$
—

Additions
534

 
150

Sales and net direct write-downs
(437
)
 
—

Net change in valuation allowance
(22
)
 
—

Balance at end of period
$
498

 
$
150



The following table presents the activity in the other real estate owned valuation allowance for the periods indicated: 
 
Three Months Ended 
 March 31,
 
2015
 
2014
 
(In thousands)
Balance at beginning of period
$
32

 
$
—

Additions
22

 
—

Net direct write-downs and removals from sale
—

 
—

Balance at end of period
$
54

 
$
—



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 
 March 31,
 
2015
 
2014
 
(In thousands)
Net gain (loss) on sales
$
17

 
$
—

Operating expenses, net of rental income
—

 
—

Total
$
17

 
$
—



The Company did not provide loans for sale of other real estate owned during the three months ended March 31, 2015 and 2014.