5. Other Loans Held for Sale and Valuation Allowance

The following table summarizes activity within other loans held for sale and the related valuation allowance at the dates and for the three months ended March 31, 2013 (in thousands).


			Valuation allowance
	Other loans held		on other loans
	for sale, gross		held for sale
Balance at December 31, 2012	$	2,288	$	1,512
Additions:
SBA loans transferred to other loans held for sale		1,695		—

Total additions		1,695		—
Reductions:
Sales of SBA loans		1,695		—

Total reductions		1,695		—


Balance at March 31, 2013	$	2,288	$	1,512

There were no SBA loans included in other loans held for sale at March 31, 2013 and December 31, 2012. Other loans held for sale at March 31, 2013 and December 31, 2012 included two commercial real estate loans within one loan relationship with a net carrying value of $776 thousand that are expected to be sold during 2013.