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Other Real Estate Owned (OREO) (Tables) | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 2015 |  |  | For the year ended December 31, 2014 |
Balance at the beginning of year, gross |  | $ | 2,263 |  |  | $ | 4,695 |
Transfers in |  |  | 938 |  |  |  | 139 |
Charge-offs |  |  | (375 | ) |  |  | (1,302 | )
Sales proceeds |  |  | (354 | ) |  |  | (1,502 | )
Gain on disposition Deferred gain recognized |  |  | 72 — |  |  |  | 307 (73 | )
Depreciation |  |  | — |  |  |  | (1 | )
Balance at the end of period, gross |  | $ | 2,544 |  |  | $ | 2,263 |
Less: valuation allowance |  |  | (137 | ) |  |  | (375 | )
Balance at the end of period, net |  | $ | 2,407 |  |  | $ | 1,888 |
Summary of Changes in the Valuation Allowance | Changes in the valuation allowance are as follows (in thousands):
|  | For the six months ended |  |  | For the year ended |
|  | June 30, 2015 |  |  | June 30, 2014 |  |  | December 31, 2014 |
Balance at beginning of year |  | $ | 375 |  |  | $ | 1,665 |  |  | $ | 1,665 |
Provision for losses |  |  | 137 |  |  |  | 86 |  |  |  | 12 |
Charge-offs, net |  |  | (375 | ) |  |  | (163 | ) |  |  | (1,302 | )
Balance at end of period |  | $ | 137 |  |  | $ | 1,588 |  |  | $ | 375 |

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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