Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.5.0.2
OTHER REAL ESTATE OWNED (Tables)
 6 Months Ended
Jun. 30, 2016
OTHER REAL ESTATE OWNED [Abstract]  
Period-End Other Real Estate Owned
Other real estate owned was as follows (dollars in thousands):
 
   
Six
Months Ended
June 30,
2016
    
Year
Ended
December 31,
2015
    
Six
Months Ended
June 30,
2015
  
Beginning balance
  
$
28,377
    
$
43,071
    
$
43,071
  
Additions, transfers from loans
    
102
      
2,520
      
1,442
  
Proceeds from sales of other real estate owned
    
(3,313
)
    
(11,540
)
    
(2,962
)
Valuation allowance reversal upon sale
    
(334
)
    
(4,748
)
    
(427
)
Gain (loss) on sales of other real estate owned
    
260
      
(926
)
    
205
  
     
25,092
      
28,377
      
41,329
  
Less: valuation allowance
    
(11,026
)
    
(10,805
)
    
(15,026
)
Ending balance
  
$
14,066
    
$
17,572
    
$
26,303
  
Activity in Valuation Allowance
Activity in the valuation allowance was as follows (dollars in thousands):

   
Six
Months Ended
June 30,
2016
    
Six
Months Ended
June 30,
2015
  
Beginning balance
  
$
10,805
    
$
14,829
  
Additions charged to expense
    
555
      
624
  
Reversals upon sale
    
(334
)
    
(427
)
Ending balance
  
$
11,026
    
$
15,026