OTHER REAL ESTATE OWNED (Tables)

3 Months Ended

Mar. 31, 2017

OTHER REAL ESTATE OWNED

Schedule of activity in other real estate owned

	Three months ended  March 31,
	2017		2016
Beginning Balance	$	1,875	$	1,959
Transfer to other real estate owned		441		537
Sale — Out of other real estate owned		(496)		(586)
Write-down		(37)		(19)
Ending Balance	$	1,783	$	1,891

Schedule of activity in the valuation account for other real estate

	Three months ended  March 31,
	2017		2016
Beginning Balance —	$	(236)	$	(217)
Impairments during year		(37)		(19)
Recovery on impairments		11		—
Ending Balance —	$	(262)	$	(236)

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,
	2017		2016
Write-downs	$	37	$	19
Losses/(gains)on sales		(159)		(168)
Net loss/(gain)	$	(122)	$	(149)
Operating expenses	$	43	$	5