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OTHER REAL ESTATE OWNED
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
2015
 
2014
 
2015
 
2014
 
(In thousands)
Balance at beginning of period
$
498

 
$
150

 
$
423

 
$
—

Additions
—

 
503

 
534

 
653

Sales and net direct write-downs
(448
)
 
(48
)
 
(885
)
 
(48
)
Net change in valuation allowance
—

 
—

 
(22
)
 
—

Balance at end of period
$
50

 
$
605

 
$
50

 
$
605



The following table presents the activity in the other real estate owned valuation allowance for the periods indicated: 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Balance at beginning of period
$
54

 
$
—

 
$
32

 
$
—

Additions
—

 
—

 
22

 
—

Net direct write-downs and removals from sale
—

 
—

 
—

 
—

Balance at end of period
$
54

 
$
—

 
$
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 June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Net gain (loss) on sales
$
6

 
$
—

 
$
23

 
$
—

Operating expenses, net of rental income
—

 
—

 
—

 
—

Total
$
6

 
$
—

 
$
23

 
$
—



The Company did not provide loans for sale of other real estate owned during the three and six months ended June 30, 2015 and 2014.