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Foreclosed Real Estate
12 Months Ended
Dec. 31, 2015
Foreclosed Real Estate  
Foreclosed Real Estate

(5)  Foreclosed Real Estate

 

Expenses (income) applicable to foreclosed real estate are as follows (in thousands):

 

    Year Ended December 31,  
    2015   2014  
               
Provision for losses on foreclosed real estate   $ 260   $ 99  
Gain on sale of foreclosed real estate     (48 )   (809 )
Operating expenses     200     56  
               
    $ 412   $ (654 )

 

 

At December 31, 2015 the valuation allowance with respect to foreclosed real estate was $260,000. There was no valuation allowance with respect to foreclosed real estate at December 31, 2014 or 2013.