Annual report pursuant to Section 13 and 15(d)

FORECLOSED PROPERTIES

v2.4.1.9
FORECLOSED PROPERTIES
 12 Months Ended
Dec. 31, 2014
Foreclosed Properties [Abstract]  
FORECLOSED PROPERTIES
NOTE 4.
FORECLOSED PROPERTIES
 
Other real estate and certain other assets acquired in foreclosure are carried at the lower of the recorded investment in the loan or fair value less estimated costs to sell the property.
 
An analysis of foreclosed properties for the years ended December 31, 2014, 2013 and 2012 follows:
 
 
 
2014
 
2013
 
2012
 
Balance at beginning of year
 
$
12,861
 
$
9,685
 
$
12,275
 
Transfers from loans and capitalized expenses
 
 
2,417
 
 
11,355
 
 
2,695
 
Foreclosed properties sold
 
 
(6,539)
 
 
(7,664)
 
 
(2,967)
 
Writedowns and partial liquidations
 
 
(1,899)
 
 
(515)
 
 
(2,318)
 
Balance at end of year
 
$
6,840
 
$
12,861
 
$
9,685