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Other Real Estate Owned (OREO) (Tables)
 9 Months Ended
Sep. 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 nine
months ended		      For the year
ended		  
     September 30,      December 31,  
     2015      2014  

Balance at the beginning of year, gross

    $ 2,263       $ 4,695   

Transfers in

      1,384         139   

Charge-offs

      (375 )       (1,302 ) 

Sales proceeds

      (354 )       (1,502 ) 

Gain on disposition

      72         307   

Deferred gain recognized

      —           (73 ) 

Depreciation

      —           (1 ) 
  

 

 

     

 

 

  

Balance at the end of period, gross

    $ 2,990       $ 2,263   

Less: valuation allowance

      (230 )       (375 ) 
  

 

 

     

 

 

  

Balance at the end of period, net

    $ 2,760       $ 1,888   
  

 

 

     

 

 

  

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,
2015		      September 30,
2014		      December 31,
2014		  

Balance at beginning of year

    $ 375       $ 1,665       $ 1,665   

Provision for losses

      230         93         12   

Charge-offs, net

      (375 )       (1,302 )       (1,302 ) 
  

 

 

     

 

 

     

 

 

  

Balance at end of period

    $ 230       $ 456       $ 375