Annual report pursuant to Section 13 and 15(d)

FORECLOSED PROPERTIES (Tables)

v3.3.1.900
FORECLOSED PROPERTIES (Tables)
 12 Months Ended
Dec. 31, 2015
Foreclosed Properties [Abstract]  
Analysis of Foreclosed Properties
An analysis of foreclosed properties for the years ended December 31, 2015, 2014 and 2013 follows:
 
 
 
2015
 
2014
 
2013
 
 
 
(In Thousands)
 
Balance at beginning of year
 
$
6,840
 
$
12,861
 
$
9,685
 
OREO acquired
 
 
2,348
 
 
-
 
 
-
 
Transfers from loans and capitalized expenses
 
 
2,210
 
 
2,417
 
 
11,355
 
Foreclosed properties sold
 
 
(5,227)
 
 
(7,214)
 
 
(7,664)
 
Writedowns and partial liquidations
 
 
(779)
 
 
(1,224)
 
 
(515)
 
Balance at end of year
 
$
5,392
 
$
6,840
 
$
12,861