Other Real Estate Owned ("OREO") (Tables)

6 Months Ended

Jun. 30, 2014

Other Real Estate Owned ("OREO") [Abstract]

Foreclosed Real Estate Roll Forward

OREO assets are presented net of valuation allowances. The Company considers OREO as classified assets for regulatory and financial reporting. An analysis of OREO activity follows.

	Six Months Ended June 30,		Year Ended December 31,
(dollars in thousands)	2014	2013	2013
Balance at beginning of year	$                  6,797	$                  6,891	$                  6,891
Additions of underlying property	1,082	371	1,853
Disposals of underlying property	(1,092)	-	(1,346)
Valuation allowance	(234)	(330)	(601)
Balance at end of period	$                  6,553	$                  6,932	$                  6,797

Foreclosed Real Estate Expenses

Expenses applicable to OREO assets include the following.

	Three Months Ended June 30,		Six Months Ended June 30,
(dollars in thousands)	2014	2013	2014	2013
Valuation allowance	$                      152	$                        19	$                      234	$                      330
Operating expenses	13	24	60	64
	$                      165	$                        43	$                      294	$                      394