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Other Real Estate Owned (OREO) (Tables)
 6 Months Ended
Jun. 30, 2016
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,
2016		      For the year
ended
December 31,
2015		  

Balance at the beginning of year, gross

    $ 2,903       $ 2,263   

Transfers in

      37         1,664   

Charge-offs

      (70 )       (381 ) 

Sales proceeds

      (2,438 )       (717 ) 

Gain on disposition

      191         74   
  

 

 

     

 

 

  

Balance at the end of period, gross

    $ 623       $ 2,903   

Less: valuation allowance

      (181 )       (224 ) 
  

 

 

     

 

 

  

Balance at the end of period, net

    $ 442       $ 2,679   
  

 

 

     

 

 

  
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,      June 30,      December 31,  
     2016      2015      2015  

Balance at beginning of year

    $ 224       $ 375       $ 375   

Provision for losses

      27         137         230   

Charge-offs, net

      (70 )       (375 )       (381 ) 
  

 

 

     

 

 

     

 

 

  

Balance at end of period

    $ 181       $ 137       $ 224