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OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Balance at beginning of period
$
3,267

 
$
429

 
$
2,502

 
$
1,097

Additions
1,265

 
540

 
3,068

 
844

Sales and net direct write-downs
(716
)
 
(678
)
 
(1,751
)
 
(1,641
)
Net change in valuation allowance
(134
)
 
(16
)
 
(137
)
 
(25
)
Balance at end of period
$
3,682

 
$
275

 
$
3,682

 
$
275


The following table presents the activity in the OREO valuation allowance for the periods indicated:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Balance at beginning of period
$
9

 
$
79

 
$
6

 
$
70

Additions
134

 
16

 
143

 
25

Net direct write-downs and removals from sale
—

 
(79
)
 
(6
)
 
(79
)
Balance at end of period
$
143

 
$
16

 
$
143

 
$
16


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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Net loss on sales
$
(130
)
 
$
(93
)
 
$
(99
)
 
$
(49
)
Operating expenses, net of rental income
(11
)
 
—

 
(24
)
 
—

Total
$
(141
)
 
$
(93
)
 
$
(123
)
 
$
(49
)

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