REAL ESTATE OWNED (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2015

Dec. 31, 2014

REAL ESTATE OWNED

Schedule of activity in real estate owned

	Three Months Ended
	2015			2014
	(in thousands)
Beginning of year	$	4,603		$	3,379
Additions	3,029			141
Sales	(3,413		)	(277		)
(Additions) subtractions to valuation allowance, net	(26		)	—
Recovery from sale in valuation allowance	26			13
End of period	$	4,219		$ 3,256

	Twelve Months Ended
	2014			2013
Beginning of year	$	3,378,958		$	4,168,356
Additions	3,275,321			542,273
Sales	(1,992,132		)	(1,475,565		)
Additions to valuation allowance, net	(144,100		)	(63,302		)
Recovery from sale in valuation allowance	85,540			207,196
End of period	$	4,603,587		$	3,378,958

Schedule of activity in the valuation allowance

	Three Months Ended
	2015			2014
	(in thousands)
Beginning of year	$	1,583		$	1,524
Additions (subtractions) to valuation allowance, net	26			—
Recovery from sale	(26		)	(13		)
End of period	$	1,583		$	1,511

	2014			2013			2012
Beginning of year	$	1,524,308		$	1,668,202		$	1,331,420
Additions to valuation allowance, net	144,100			63,302			990,570
Recovery from sale	(85,540		)	(207,196		)	(653,788		)
End of year	$	1,582,868		$	1,524,308		$	1,668,202

Schedule of expenses related to foreclosed assets

	Three Months Ended
	2015		2014
	(in thousands)
Net loss (gain) on sales	$	39	$	(46	)
Additions (subtractions) to valuation allowance, net	26		—
Operating expenses (receipts), net of rental income	19		(2		)
Repossession expenses, net	45		(2		)
For the period	$	84	$	(48	)

	2014			2013			2012
Net loss (gain) on sales	$	(146,413	)	$	(43,213	)	$	179,873
Additions to valuation allowance, net	144,100			63,302			990,570
Operating expenses (receipts), net of rental income	226,450			203,503			745,194
Repossession expense, net	370,550			266,805			1,735,764
End of year	$	224,137		$	223,592		$	1,915,637