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

6 Months Ended

Jun. 30, 2016

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)	2016	2015	2015
Balance at beginning of year	$                  9,449	$                  5,883	$                  5,883
Additions of underlying property	2,718	1,556	5,436
Disposals of underlying property	(3,445)	(643)	(1,206)
Valuation allowance	(262)	(374)	(664)
Balance at end of period	$                  8,460	$                  6,422	$                  9,449

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)	2016	2015	2016	2015
Valuation allowance	$                          7	$                      249	$                      262	$                      374
Operating expenses	98	85	144	179
	$                      105	$                      334	$                      406	$                      553