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OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2014
OTHER REAL ESTATE OWNED [Abstract]  
OTHER REAL ESTATE OWNED
NOTE 4 – OTHER REAL ESTATE OWNED

Other real estate owned was as follows (dollars in thousands):
 
  
2014
  
2013
  
2012
 
Beginning balance
 
$
53,501
  
$
69,743
  
$
83,663
 
Additions, transfers from loans
  
4,932
   
3,539
   
9,168
 
Proceeds from sales of other real estate owned
  
(12,487
)
  
(16,501
)
  
(18,729
)
Valuation allowance reversal upon sale
  
(3,499
)
  
(4,378
)
  
(4,300
)
Gain (loss) on sale of other real estate owned
  
624
   
1,098
   
(59
)
   
43,071
   
53,501
   
69,743
 
Less: valuation allowance
  
(14,829
)
  
(16,705
)
  
(18,161
)
Ending balance
 
$
28,242
  
$
36,796
  
$
51,582
 

Activity in the valuation allowance was as follows (dollars in thousands):
 
  
2014
  
2013
  
2012
 
Beginning balance
 
$
16,705
  
$
18,161
  
$
17,225
 
Additions charged to expense
  
1,623
   
2,922
   
5,236
 
Reversals upon sale
  
(3,499
)
  
(4,378
)
  
(4,300
)
Ending balance
 
$
14,829
  
$
16,705
  
$
18,161