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OTHER REAL ESTATE OWNED
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Balance at beginning of period
$
325

 
$
498

 
$
1,097

 
$
423

Additions
157

 
—

 
304

 
534

Sales and net direct write-downs
(44
)
 
(448
)
 
(963
)
 
(885
)
Net change in valuation allowance
(9
)
 
—

 
(9
)
 
(22
)
Balance at end of period
$
429

 
$
50

 
$
429

 
$
50


The following table presents the activity in the OREO valuation allowance for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Balance at beginning of period
$
70

 
$
54

 
$
70

 
$
32

Additions
9

 
—

 
9

 
22

Balance at end of period
$
79

 
$
54

 
$
79

 
$
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
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Net gain on sales
$
7

 
$
6

 
$
44

 
$
23

Operating expenses, net of rental income
—

 
—

 
—

 
—

Total
$
7

 
$
6

 
$
44

 
$
23


The Company did not provide loans for sale of OREO during the three and six months ended June 30, 2016 or 2015.