OTHER REAL ESTATE OWNED (Tables)

3 Months Ended

Mar. 31, 2014

Activities in Other Real Estate Owned

The following table presents the activity in other real estate owned for the periods indicated:

	Three months ended March 31,
	2014		2013
	(In thousands)
Balance at beginning of period	$	—	$	4,527
Additions		150		486
Sales and net direct write-downs		—		(5,249	)
Net change in valuation allowance		—		2,000
Balance at end of period	$	150	$	1,764

Activities in Other Real Estate Owned Valuation Allowance

The following table presents the activity in the other real estate owned valuation allowance for the periods indicated:

	Three months ended March 31,
	2014		2013
	(In thousands)
Balance at beginning of period	$	—	$	2,069
Additions		—		79
Net direct write-downs and removals upon sale		—		(2,079	)
Balance at end of period	$	—	$	69

Expenses Related to Foreclosed Assets Included in Loan Servicing and Foreclosure Expenses

The following table presents expenses related to foreclosed assets included in loan servicing and foreclosure expenses on the consolidated statements of operations for the periods indicated:

	Three months ended March 31,
	2014		2013
	(In thousands)
Net gain (loss) on sales	$	—	$	114
Operating expenses, net of rental income		—		(240	)
Total	$	—	$	(126	)

Loans Provided for Sales of Other Real Estate Owned and Deferred Gains on Other Real Estate Owned Sold on Contract

The following table presents loans provided for sales of other real estate owned, included in other assets on the consolidated statements of financial condition, and deferred gain on real estate sold on contract, included in accrued expenses and other liabilities on the consolidated statements of financial condition for the periods indicated:

	Three months ended March 31,
	2014		2013
	(In thousands)
Loans provided for sales of other real estate owned sold on contract		—	$	—
Deferred gain on other real estate sold on contract		—		—