OTHER REAL ESTATE OWNED (Tables)

3 Months Ended

Mar. 31, 2016

OTHER REAL ESTATE OWNED

Schedule of activity in other real estate owned

	Three months ended  March 31,
	2016		2015
Beginning Balance	$	1,959	$	2,688
Transfer to other real estate owned		537		156
Sale — Out of other real estate owned		(586)		(643)
Write-down		(19)		—
Ending Balance	$	1,891	$	2,201

Schedule of activity in the valuation account for other real estate

	Three months ended  March 31,
	2016		2015
Beginning Balance —  January 1	$	(217)	$	(448)
Impairments during year		(19)		—
Recovery on impairments		—		—
Reductions		—		163
Ending Balance — March 31	$	(236)	$	(285)

Schedule of net loss on OREO activity which is included in non-interest income and expenses related to foreclosed assets

	Three months ended  March 31,
	2016		2015
Write-downs	$	19	$	—
Losses/(gains)on sales		(168)		11
Net loss/(gain)	$	(149)	$	11
Operating expenses	$	5	$	36