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OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 30, 2016
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED
The following table presents the activity in OREO for the periods indicated:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Balance at beginning of period
$
429

 
$
50

 
$
1,097

 
$
423

Additions
540

 
—

 
844

 
534

Sales and net direct write-downs
(678
)
 
—

 
(1,641
)
 
(885
)
Net change in valuation allowance
(16
)
 
(16
)
 
(25
)
 
(38
)
Balance at end of period
$
275

 
$
34

 
$
275

 
$
34


The following table presents the activity in the OREO valuation allowance for the periods indicated:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Balance at beginning of period
$
79

 
$
54

 
$
70

 
$
32

Additions
16

 
16

 
25

 
38

Net direct write-downs and removals from sale
(79
)
 
—

 
(79
)
 
—

Balance at end of period
$
16

 
$
70

 
$
16

 
$
70


The following table presents expenses related to foreclosed assets included in All Other Expenses in the Consolidated Statements of Operations for the periods indicated:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Net gain (loss) on sales
$
(93
)
 
$
—

 
$
(49
)
 
$
23

Operating expenses, net of rental income
—

 
—

 
—

 
—

Total
$
(93
)
 
$
—

 
$
(49
)
 
$
23


The Company did not provide loans for sale of OREO during the three and nine months ended September 30, 2016 or 2015.