Other real estate owned ("OREO"), net

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

Other real estate owned (OREO), net

Other real estate owned, net

Transactions in the Company’s OREO for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in thousands):

	2016			2015			2014
Balance at beginning of year	$	3,274		$	3,309		$	3,144
Additions	367			1,558			3,705
Dispositions	(1,964		)	(3,140		)	(3,611		)
Change in valuation allowance	—			1,547			71
Balance at end of year	$	1,677		$	3,274		$	3,309

The following table summarizes activity in the OREO valuation allowance for the years ended December 31, 2016, 2015 and 2014 (dollars in thousands):

	2016		2015			2014
Balance at beginning of year	$	776	$	2,323		$	2,394
Additions to valuation allowance	—		72			1,163
Reductions due to sales of OREO	—		(1,619		)	(1,234		)
Balance at end of year	$	776	$	776		$	2,323

The following table summarizes OREO expenses for the years ended December 31, 2016, 2015 and 2014 (dollars in thousands):

	2016			2015			2014
Operating costs	$	251		$	367		$	175
(Gains) losses on sales of OREO	(247		)	(371		)	(183		)
Increases in valuation allowance	167			72			996
Total	$	171		$	68		$	988