OTHER REAL ESTATE OWNED (Tables)
 12 Months Ended
Dec. 31, 2016
OTHER REAL ESTATE OWNED  
Schedule of activity in other real estate owned

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$
1,959

 

$
2,688

 

$
4,120

 

Transfer to other real estate owned

 

 
1,965

 

 
1,475

 

 
2,585

 

Sale — Out of other real estate owned

 

 
(3,607)

 

 
(2,166)

 

 
(3,597)

 

Acquisition

 

 
1,668

 

 

 —

 

 

 —

 

Write-down

 

 
(110)

 

 
(38)

 

 
(420)

 

Ending Balance

 

$
1,875

 

$
1,959

 

$
2,688

 

 

Schedule of activity in the valuation account for other real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance —

 

$
(217)

 

$
(448)

 

$
(1,328)

 

Impairments during year

 

 
(110)

 

 
(38)

 

 
(420)

 

Recovery on impairments

 

 

 —

 

 

 —

 

 

 —

 

Reductions

 

 
91

 

 
269

 

 
1,300

 

Ending Balance —

 

$
(236)

 

$
(217)

 

$
(448)

 

 

Schedule of net loss on OREO activity which is included in non-interest income and expenses related to foreclosed assets

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

Write-downs

 

$
110

 

$
38

 

$
420

 

Losses/(gains)on sales

 

 
(378)

 

 
(106)

 

 
(267)

 

Net loss/(gain)

 

$
(268)

 

$
(68)

 

$
153

 

Operating expenses

 

$
154

 

$
203

 

$
150