XML 28 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER REAL ESTATE OWNED
 3 Months Ended
Mar. 31, 2017
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
 
March 31,
 
2017
 
2016
 
(In thousands)
Balance at beginning of period
$
2,502

 
$
1,097

Additions
1,171

 
147

Sales and net direct write-downs
(325
)
 
(919
)
Net change in valuation allowance
(3
)
 
—

Balance at end of period
$
3,345

 
$
325


The following table presents the activity in the OREO valuation allowance for the periods indicated:
 
Three Months Ended
 
March 31,
 
2017
 
2016
 
(In thousands)
Balance at beginning of period
$
6

 
$
70

Additions
9

 
—

Net direct write-downs and removals from sale
(6
)
 
—

Balance at end of period
$
9

 
$
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
 
March 31,
 
2017
 
2016
 
(In thousands)
Net gain (loss) on sales
$
(5
)
 
$
37

Operating expenses, net of rental income
(4
)
 
—

Total
$
(9
)
 
$
37


The Company did not provide loans to finance the purchase of its OREO properties during the three months ended March 31, 2017 or 2016.