Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.3.1.900
OTHER REAL ESTATE OWNED (Tables)
 12 Months Ended
Dec. 31, 2015
OTHER REAL ESTATE OWNED [Abstract]  
Period-End Other Real Estate Owned
Other real estate owned was as follows (dollars in thousands):

   
2015
    
2014
    
2013
  
Beginning balance
  
$
43,071
    
$
53,501
    
$
69,743
  
Additions, transfers from loans
    
2,520
      
4,932
      
3,539
  
Proceeds from sales of other real estate owned
    
(11,540
)
    
(12,487
)
    
(16,501
)
Valuation allowance reversal upon sale
    
(4,748
)
    
(3,499
)
    
(4,378
)
Gain (loss) on sale of other real estate owned
    
(926
)
    
624
      
1,098
  
     
28,377
      
43,071
      
53,501
  
Less: valuation allowance
    
(10,805
)
    
(14,829
)
    
(16,705
)
Ending balance
  
$
17,572
    
$
28,242
    
$
36,796
  
Activity in Valuation Allowance
Activity in the valuation allowance was as follows (dollars in thousands):

   
2015
    
2014
    
2013
  
Beginning balance
  
$
14,829
    
$
16,705
    
$
18,161
  
Additions charged to expense
    
724
      
1,623
      
2,922
  
Reversals upon sale
    
(4,748
)
    
(3,499
)
    
(4,378
)
Ending balance
  
$
10,805
    
$
14,829
    
$
16,705