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OREO and Other Repossessed Assets
 12 Months Ended
Sep. 30, 2013
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
OREO and Other Repossessed Assets
OREO and Other Repossessed Assets

The following table presents the activity related to OREO and other repossessed assets for the years ended September 30, 2013 and 2012 (dollars in thousands):

 
2013
Amount

 
Number

 
2012
Amount

 
Number

Balance, beginning of year
$
13,302

 
56

 
$
10,811

 
50

Additions to OREO and other repossessed assets
6,375

 
25

 
9,443

 
44

Capitalized improvements
146

 
—

 
119

 
—

Lower of cost or estimated fair value losses
(2,064
)
 
—

 
(1,048
)
 
—

Disposition of OREO and other repossessed assets
(6,039
)
 
(34
)
 
(6,023
)
 
(38
)
 
 
 
 
 
 
 
 
Balance, end of year
$
11,720

 
47

 
$
13,302

 
56



At September 30, 2013, OREO and other repossessed assets consisted of 47 properties in Washington, with balances ranging from $4,000 to $1,301,000.  At September 30, 2012, OREO consisted of 56 properties in Washington, with balances ranging from $4,000 to $2,805,000.  The Company recorded net gains on sale of OREO and other repossessed assets of $264,000 for the year ended September 30, 2013. The Company recorded net losses on sales of OREO and other repossessed assets for the year ended September 30, 2012 of $(373,000) and net gains on sales of OREO and other repossessed asset of $548,000 for the year ended September 30, 2011. Gains and losses on sales of OREO and other repossessed assets are included/netted in the OREO and other repossessed assets, net category in non-interest expense in the accompanying consolidated statements of income.