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Other Real Estate Owned (OREO) (Tables)
 9 Months Ended
Sep. 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 nine
months ended		      For the year
ended		  
     September 30,      December 31,  
     2016      2015  

Balance at the beginning of year, gross

    $ 2,903       $ 2,263   

Transfers in

      287         1,664   

Charge-offs

      (251 )       (381 ) 

Sales proceeds

      (2,882 )       (717 ) 

Gain on disposition

      193         74   
  

 

 

     

 

 

  

Balance at the end of period, gross

    $ 250       $ 2,903   

Less: valuation allowance

      —           (224 ) 
  

 

 

     

 

 

  

Balance at the end of period, net

    $ 250       $ 2,679   
  

 

 

     

 

 

  
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,      September 30,      December 31,  
     2016      2015      2015  

Balance at beginning of year

    $ 224       $ 375       $ 375   

Provision for losses

      27         230         230   

Charge-offs, net

      (251 )       (375 )       (381 ) 
  

 

 

     

 

 

     

 

 

  

Balance at end of period

    $ —         $ 230       $ 224