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Other real estate owned ("OREO"), net
 12 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Other real estate owned (OREO), net
Other real estate owned (“OREO”), net
 
Transactions in the Company’s OREO for the years ended December 31, 2015, 2014 and 2013 were as follows (dollars in thousands):
 
2015
 
2014
 
2013
Balance at beginning of year
$
3,309

 
$
3,144

 
$
6,552

Additions
1,558

 
3,705

 
2,086

Dispositions
(3,140
)
 
(3,611
)
 
(13,742
)
Change in valuation allowance
1,547

 
71

 
8,248

Balance at end of year
$
3,274

 
$
3,309

 
$
3,144


 
The following table summarizes activity in the OREO valuation allowance for the years ended December 31, 2015, 2014 and 2013 (dollars in thousands):
 
 
2015
 
2014
 
2013
Balance at beginning of year
$
2,323

 
$
2,394

 
$
10,642

Additions to valuation allowance
72

 
1,163

 
356

Reductions due to sales of OREO
(1,619
)
 
(1,234
)
 
(8,604
)
Balance at end of year
$
776

 
$
2,323

 
$
2,394


 
The following table summarizes OREO expenses for the years ended December 31, 2015, 2014 and 2013 (dollars in thousands):
 
 
2015
 
2014
 
2013
Operating costs
$
367

 
$
175

 
$
254

(Gains) losses on sales of OREO
(371
)
 
(183
)
 
(81
)
Increases in valuation allowance
72

 
996

 
356

Total
$
68

 
$
988

 
$
529