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Other Real Estate Owned (OREO) (Tables)
 9 Months Ended
Sep. 30, 2014
Banking and Thrift [Abstract]  
Summary of Changes in the Balance for OREO

Changes in the balance for OREO are as follows (in thousands):

 

     For the nine
months ended		     For the year
ended		  
     September 30,     December 31,  
     2014     2013  

Balance at the beginning of year, gross

    $ 4,695      $ 7,764   

Transfers in

      139        2,036   

Charge-offs

      (1,302 )      (1,564 ) 

Sales proceeds

      (1,502 )      (3,618 ) 

Gain on disposition

      234        80   

Depreciation

      (1 )      (3 ) 

Balance at the end of period, gross

    $ 2,263      $ 4,695   

Less: valuation allowance

      (456 )      (1,665 ) 
  

 

 

    

 

 

  

Balance at the end of period, net

    $ 1,807      $ 3,030   
  

 

 

    

 

 

  
Summary of Changes in the Valuation Allowance

Changes in the valuation allowance are as follows (in thousands):

 

    

For the nine

months ended

     For the year
ended		  
     September 30,
2014		     September 30,
2013		     December 31,
2013		  

Balance at beginning of year

    $ 1,665      $ 2,174      $ 2,174   

Provision for losses

      93        660        1,055   

Transfers in

      —          63        —     

Charge-offs, net

      (1,302 )      (1,332 )      (1,564 ) 
  

 

 

    

 

 

    

 

 

  

Balance at end of period

    $ 456      $ 1,565      $ 1,665