Other Real Estate Owned ("OREO"), net

3 Months Ended

Mar. 31, 2014

Real Estate [Abstract]

Real Estate Owned, net

Other Real Estate Owned, net

The following table presents activity related to OREO for the periods shown (dollars in thousands):

	Three months ended    March 31,
	2014			2013
Balance at beginning of period	$	3,144		$	6,552
Additions	—			940
Dispositions	(148		)	(5,360		)
Change in valuation allowance	(1		)	3,552
Balances at end of period	$	2,995		$	5,684

The following table summarizes activity in the OREO valuation allowance for the periods shown (dollars in thousands):

	Three months ended    March 31,
	2014			2013
Balance at beginning of period	$	2,394		$	10,642
Additions to the valuation allowance	64			197
Reductions due to sales	(63		)	(3,749		)
Balance at end of period	$	2,395		$	7,090

The following table summarizes OREO expenses for the periods shown (dollars in thousands):

	Three months ended    March 31,
	2014			2013
Operating costs	$	9		$	36
Net (gains) losses on dispositions	(81		)	44
Increases in valuation allowance	64			197
Total	$	(8	)	$	277