OTHER REAL ESTATE OWNED (Tables)

3 Months Ended

Mar. 31, 2014

OTHER REAL ESTATE OWNED

Schedule of Activity in other real estate owned

	2014			2013
Beginning Balance — January 1	$	4,120		$	6,677
Transfer to other real estate owned	665			967
Sales — out of other real estate owned	(840		)	(1,370		)
Write-down	(104		)	(446		)
Ending Balance — March 31	$	3,841		$	5,828

Schedule of activity in the valuation account for other real estate

	2014			2013
Beginning Balance — January 1	$	(1,328	)	$	(1,672	)
Impairments during year	(104		)	(446		)
Recovery on impairments	—			—
Reductions	—			405
Ending Balance — March 31	$	(1,432	)	$	(1,713	)

Schedule of expenses related to foreclosed assets

Expenses related to foreclosed assets for the period ending March 31 include:

	2014			2013
Write downs	$	104		446
Losses / (gains) on sales	(27		)	(150	)
Net loss / (gain)	$	77		296
Operating expenses	67			92