OTHER REAL ESTATE OWNED (Tables)

9 Months Ended

Sep. 30, 2016

OTHER REAL ESTATE OWNED

Schedule of activity in other real estate owned

	Three months ended  September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Beginning Balance	$	3,180	$	2,065	$	1,959	$	2,688
Transfer to other real estate owned		564		801		1,547		1,164
Sale — Out of other real estate owned		(1,441)		(429)		(2,841)		(1,377)
Acquisition		—		—		1,668		—
Write-down		(61)		—		(91)		(38)
Ending Balance	$	2,242	$	2,437	$	2,242	$	2,437

Schedule of activity in the valuation account for other real estate

	Three months ended  September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Beginning Balance —	$	(234)	$	(323)	$	(217)	$	(448)
Impairments during year		(61)		—		(91)		(38)
Recovery on impairments		5		—		18		—
Reductions		—		37		—		200
Ending Balance — September 30	$	(290)	$	(286)	$	(290)	$	(286)

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

	Three months ended  September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Write-downs	$	61	$	—	$	91	$	38
Losses/(gains)on sales		(128)		19		(344)		25
Net loss/(gain)	$	(67)	$	19	$	(253)	$	63
Operating expenses	$	46	$	30	$	103	$	124