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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2014
Other Real Estate Owned [Abstract]  
Other Real Estate Owned
9.  Other Real Estate Owned

Activity for other real estate owned was as follows:

(in thousands)
 
2014
  
2013
 
Beginning balance of other real estate owned
 
$
39,188
  
$
47,537
 
New assets acquired
  
12,199
   
7,429
 
Capitalized costs
  
0
   
6
 
Fair value adjustments
  
(1,730
)
  
(2,480
)
Sale of assets
  
(12,881
)
  
(13,304
)
Ending balance of other real estate owned
 
$
36,776
  
$
39,188
 

Carrying costs and fair value adjustments associated with foreclosed properties were $3.9 million, $5.2 million, and $5.3 million for 2014, 2013, and 2012, respectively.  See note 1 for a description of our accounting policies relative to foreclosed properties and other real estate owned.