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Other Real Estate Owned (OREO) (Tables)
 3 Months Ended
Mar. 31, 2015
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 three
months ended
March 31,
2015		      For the year
ended
December 31,
2014		  

Balance at the beginning of year, gross

    $ 2,263       $ 4,695   

Transfers in

      228         139   

Charge-offs

      (250 )       (1,302 ) 

Sales proceeds

      (224 )       (1,502 ) 

Gain on disposition

Deferred gain recognized

     

 

 57

—  

   

  

     

 

 307

(73

   

) 

Depreciation

      —           (1 ) 
  

 

 

     

 

 

  

Balance at the end of period, gross

 $ 2,074    $ 2,263   

Less: valuation allowance

   (125 )    (375 ) 
  

 

 

     

 

 

  

Balance at the end of period, net

 $ 1,949    $ 1,888   
  

 

 

     

 

 

  
Summary of Changes in the Valuation Allowance

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

 

    

For the three

months ended

      For the year
ended		  
     March 31,      March 31,      December 31,  
     2015      2014      2014  

Balance at beginning of year

    $ 375       $ 1,665       $ 1,665   

Provision for losses

      —           23         12   

Charge-offs, net

      (250 )       (2 )       (1,302 ) 
  

 

 

     

 

 

     

 

 

  

Balance at end of period

 $ 125    $ 1,686    $ 375