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Reserve for Repurchased Loans and Loss Sharing Obligations
 12 Months Ended
Dec. 31, 2015
Text Block [Abstract]  
Reserve for Repurchased Loans and Loss Sharing Obligations

(15) Reserve for Repurchased Loans and Loss Sharing Obligations

The reserve for repurchased loans and loss sharing obligations was established to provide for expected losses related to repurchase requests which may be received on residential mortgage loans previously sold to investors and other loss sharing obligations. The reserve is included in other liabilities in the accompanying statements of financial condition.

An analysis of the reserve for repurchased loans and loss sharing obligations for the years ended December 31, 2015, 2014 and 2013 follows (in thousands).

 

     Years Ended December 31,  
     2015      2014      2013  

Balance at beginning of year

    $ 1,032       $ 1,468       $ 1,203   

Provision charged to operations

      —         —         975   

Loss on loans repurchased, settlements or payments under loss sharing arrangements

      (56 )       (436 )       (915 ) 

Recoveries

      10         —         205   
  

 

 

     

 

 

     

 

 

  

Balance at end of year

    $ 986       $ 1,032       $ 1,468   
  

 

 

     

 

 

     

 

 

  

At December 31, 2015 and 2014, there were no outstanding loan repurchase requests.