Other Real Estate Owned

3 Months Ended

Mar. 31, 2017

Other Real Estate Owned [Abstract]

Other real estate owned

Note 5.Other Real Estate Owned

At March 31, 2017, OREO was comprised of one real estate property acquired through, or in lieu of foreclosure in settlement of a loan and 30 real estate properties acquired through foreclosure related to tax liens.  Set forth below are tables which detail the changes in OREO from January 1, 2017 to March 31, 2017 and January 1, 2016 to December 31, 2016.

	For the three months ended March 31, 2017
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	236	$	3,300	$	3,536
Net proceeds from sales		(33)		(1,730)		(1,763)
Net gains on sales		5		382		387
Transfers in		—		44		44
Cash additions		—		33		33
Impairment charge		—		(106)		(106)
Ending balance	$	208	$	1,923	$	2,131

	For the year ended December 31, 2016
(In thousands)	Loans		Tax Liens		Total
Beginning balance	$	220	$	7,215	$	7,435
Net proceeds from sales		(7)		(5,458)		(5,465)
Net gain on sales		1		677		678
Transfers in		28		831		859
Cash additions		—		290		290
Impairment charge		(6)		(255)		(261)
Ending balance	$	236	$	3,300	$	3,536

At March 31, 2017, OREO was comprised of $208 thousand in land and $1.9 million in tax liens.  The properties acquired through the tax lien portfolio were primarily located in New Jersey.