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OTHER REAL ESTATE OWNED
 3 Months Ended
Mar. 31, 2016
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED
The following table presents the activity in OREO for the periods indicated:
 
Three Months Ended
 
March 31,
 
2016
 
2015
 
(In thousands)
Balance at beginning of period
$
1,097

 
$
423

Additions
147

 
534

Sales and net direct write-downs
(919
)
 
(437
)
Net change in valuation allowance
—

 
(22
)
Balance at end of period
$
325

 
$
498


The following table presents the activity in the OREO valuation allowance for the periods indicated:
 
Three Months Ended
 
March 31,
 
2016
 
2015
 
(In thousands)
Balance at beginning of period
$
70

 
$
32

Additions
—

 
22

Balance at end of period
$
70

 
$
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,
 
2016
 
2015
 
(In thousands)
Net gain on sales
$
37

 
$
17

Operating expenses, net of rental income
—

 
—

Total
$
37

 
$
17


The Company did not provide loans for sale of OREO during the three months ended March 31, 2016 or 2015.