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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2015
Other Real Estate Owned [Abstract]  
Other Real Estate Owned
Note 6 – Other Real Estate Owned

Activity for other real estate owned was as follows:

(in thousands)
 
March 31, 2015
  
March 31, 2014
 
Beginning balance of other real estate owned
 
$
36,776
  
$
39,188
 
New assets acquired
  
5,570
   
1,268
 
Capitalized costs
  
85
   
0
 
Fair value adjustments
  
(64
)
  
(874
)
Sale of assets
  
(3,632
)
  
(3,283
)
Ending balance of other real estate owned
 
$
38,735
  
$
36,299
 

Carrying costs and fair value adjustments associated with foreclosed properties for the three months ended March 31, 2015 and 2014 were $0.5 million and $1.5 million, respectively.