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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2015
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Other Real Estate Owned
The following summarizes other real estate owned:

As of  December 31,
2015
 
2014
Real estate acquired in settlement of loans
$
1,532,000

 
$
3,785,000
Change in Allowance for Losses from Other Real Estate Owned
Changes in the allowance for losses from other real estate owned were as follows:
For the years ended December 31,
2015
 
2014
 
2013
Balance at beginning of year
$
654,000

 
$
330,000

 
$
373,000

Losses charged to allowance
(803,000
)
 
(313,000
)
 
(544,000
)
Provision charged to operating expenses
311,000

 
637,000

 
501,000

Balance at end of year
$
162,000

 
$
654,000

 
$
330,000