| Period-end other real estate owned |
Other real estate owned was as follows (dollars in thousands):
| |
|
Nine
Months Ended
September 30,
2015
|
|
|
Year
Ended
December 31,
2014
|
|
|
Nine
Months Ended
September 30,
2014
|
|
Beginning balance |
|
$ |
43,071 |
|
|
$ |
53,501 |
|
|
$ |
53,501 |
|
Additions, transfers from loans |
|
|
1,301 |
|
|
|
4,932 |
|
|
|
2,565 |
|
Proceeds from sales of other real estate owned |
|
|
(3,613 |
) |
|
|
(12,487 |
) |
|
|
(9,964 |
) |
Valuation allowance reversal upon sale |
|
|
(427 |
) |
|
|
(3,499 |
) |
|
|
(3,409 |
) |
Gain (loss) on sale of other real estate owned |
|
|
237 |
|
|
|
624 |
|
|
|
475 |
|
| |
|
|
40,569 |
|
|
|
43,071 |
|
|
|
43,168 |
|
Less: valuation allowance |
|
|
(14,898 |
) |
|
|
(14,829 |
) |
|
|
(14,405 |
) |
Ending balance |
|
$ |
25,671 |
|
|
$ |
28,242 |
|
|
$ |
28,763 |
|
|
| Activity in valuation allowance |
Activity in the valuation allowance was as follows (dollars in thousands):
| |
|
Nine Months
Ended
September 30,
2015
|
|
|
Nine Months
Ended
September 30,
2014
|
|
Beginning balance |
|
$ |
14,829 |
|
|
$ |
16,705 |
|
Additions charged to expense |
|
|
496 |
|
|
|
1,109 |
|
Reversals upon sale |
|
|
(427 |
) |
|
|
(3,409 |
) |
Ending balance |
|
$ |
14,898 |
|
|
$ |
14,405 |
|
|