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Other Real Estate Owned
12 Months Ended
Dec. 31, 2014
Real Estate [Abstract]  
Other Real Estate Owned
Other Real Estate Owned
Changes in other real estate owned during the years ended December 31, 2014, 2013 and 2012 were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(In thousands)
Balance at the beginning of the year
$
4,559

 
$
5,666

 
$
4,484

Additions
1,566

 
2,974

 
7,406

Additions from acquisitions
7,121

 
2,279

 

Proceeds from dispositions
(9,914
)
 
(6,253
)
 
(5,987
)
Gain on sales, net
23

 
264

 
587

Valuation adjustment

 
(371
)
 
(824
)
Balance at the end of the year
$
3,355

 
$
4,559

 
$
5,666



At December 31, 2014 and 2013, the balance of other real estate owned that was covered by shared-loss agreements were $1.2 million and $182,000, respectively.