9. OTHER REAL ESTATE OWNED

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

9. OTHER REAL ESTATE OWNED

NOTE 9 OTHER REAL ESTATE OWNED:

The following table summarizes the activity in other real estate owned for the three months ended March 31, 2017 and the year ended December 31, 2016:

(Dollars are in thousands)	March 31, 2017			December 31, 2016
Balance, beginning of period	$	10,655		$	12,398
Additions		1,624			4,577
Purchases of/improvements to other real estate owned		—			48
Transfers of other real estate owned to premises and equipment		—			(125	)
Proceeds from sales		(1,966	)		(5,050	)
Adjustment of carrying value		(176	)		(1,414	)
Gain from sales		24			221
Balance, end of period	$	10,161		$	10,655