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Other Real Estate Owned (OREO) (Tables)
6 Months Ended
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