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OTHER REAL ESTATE OWNED
12 Months Ended
Dec. 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:
 
Year Ended December 31,
2015
 
2014
 
2013
 
(In thousands)
Balance at beginning of year
$
423

 
$

 
$
4,527

Additions
1,598

 
653

 
229

Sales and net direct write-downs
(886
)
 
(198
)
 
(6,825
)
Net change in valuation allowance
(38
)
 
(32
)
 
2,069

Balance at end of year
$
1,097

 
$
423

 
$


The following table presents the activity in the other real estate owned valuation allowance for the periods indicated:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Balance at beginning of year
$
32

 
$

 
$
2,069

Additions
38

 
32

 
97

Net direct write-downs and removals from sale

 

 
(2,166
)
Balance at end of year
$
70

 
$
32

 
$


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:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Net gain on sales
$
23

 
$
66

 
$
464

Operating expenses, net of rental income

 

 
(362
)
Total
$
23

 
$
66

 
$
102