OTHER REAL ESTATE OWNED (Tables)

3 Months Ended

Mar. 31, 2015

OTHER REAL ESTATE OWNED

Schedule of Activity in other real estate owned

	2015			2014
Beginning Balance — January 1	$	2,688		$	4,120
Transfer to other real estate owned	156			665
Sales — out of other real estate owned	(643		)	(840		)
Write-down	—			(104		)
Ending Balance — March 31	$	2,201		$	3,841

Schedule of activity in the valuation account for other real estate

	2015			2014
Beginning Balance — January 1	$	(448	)	$	(1,328	)
Impairments during year	—			(104		)
Recovery on impairments	—			—
Reductions	163			—
Ending Balance — March 31	$	(285	)	$	(1,432	)

Schedule of expenses related to foreclosed assets

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

	2015		2014
Write downs	$	—	$	104
Losses / (gains) on sales	11		(27		)
Net loss	$	11	$	77
Operating expenses	$	36	$	67