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

Note 7 – Other Real Estate Owned

 

Other real estate owned represents residential and commercial properties primarily owned as a result of loan collection activities and is reported net of a valuation allowance. Activity within other real estate owned was as follows:

 

(Dollars in thousands)     
    2014    2013    2012 
Balance, beginning of year  $508   $2,019   $1,934 
Transfers from loans   561    897    1,718 
Reclassification to buildings   —    —    (20)
Proceeds from sales   (789)   (1,604)   (1,259)
Gains on sales   24    122    51 
Write-downs   (154)   (926)   (405)
Balance, end of year  $150   $508   $2,019