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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 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):
|  | 2015 |  |  | 2014 |
Balance at the beginning of year, gross |  | $ | 2,263 |  |  | $ | 4,695 |
Transfers in |  |  | 1,664 |  |  |  | 139 |
Charge-offs |  |  | (381 | ) |  |  | (1,302 | )
Sales proceeds |  |  | (717 | ) |  |  | (1,502 | )
Gain on disposition |  |  | 74 |  |  |  | 307 |
Deferred gain recognized |  |  | — |  |  |  | (73 | )
Depreciation |  |  | — |  |  |  | (1 | )
Balance at the end of year, gross |  |  | 2,903 |  |  |  | 2,263 |
Less: valuation allowance |  |  | (224 | ) |  |  | (375 | )
Balance at the end of year, net |  | $ | 2,679 |  |  | $ | 1,888 |
Summary of Changes in the Allowance for OREO Losses | Changes in the allowance for OREO losses are as follows (in thousands):
|  | 2015 |  |  | 2014 |
Balance at beginning of year |  | $ | 375 |  |  | $ | 1,665 |
Provision for losses |  |  | 230 |  |  |  | 12 |
Charge-offs, net |  |  | (381 | ) |  |  | (1,302 | )
Balance at end of year |  | $ | 224 |  |  | $ | 375 |

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- Definition Changes in allowance for OREO losses. + References No definition available. + Details
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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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