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OTHER REAL ESTATE OWNED
 6 Months Ended
Jun. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Balance at beginning of period
$
3,345

 
$
325

 
$
2,502

 
$
1,097

Additions
632

 
157

 
1,803

 
304

Sales and net direct write-downs
(710
)
 
(44
)
 
(1,035
)
 
(963
)
Net change in valuation allowance
—

 
(9
)
 
(3
)
 
(9
)
Balance at end of period
$
3,267

 
$
429

 
$
3,267

 
$
429


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,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Balance at beginning of period
$
9

 
$
70

 
$
6

 
$
70

Additions
—

 
9

 
9

 
9

Net direct write-downs and removals from sale
—

 
—

 
(6
)
 
—

Balance at end of period
$
9

 
$
79

 
$
9

 
$
79


The following table presents expenses related to foreclosed assets included in All Other Expenses in the Consolidated Statements of Operations for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Net gain on sales
$
36

 
$
7

 
$
31

 
$
44

Operating expenses, net of rental income
(9
)
 
—

 
(13
)
 
—

Total
$
27

 
$
7

 
$
18

 
$
44


The Company did not provide loans to finance the purchase of its OREO properties during the three and six months ended June 30, 2017 or 2016.