Annual report pursuant to Section 13 and 15(d)

FORECLOSED PROPERTIES (Tables)

v3.6.0.2
FORECLOSED PROPERTIES (Tables)
 12 Months Ended
Dec. 31, 2016
Foreclosed Properties [Abstract]  
Analysis of Foreclosed Properties
An analysis of foreclosed properties for the years ended December 31, 2016, 2015 and 2014 follows:
 
 
 
2016
 
2015
 
2014
 
 
 
(In Thousands)
 
Balance at beginning of year
 
$
5,392
 
$
6,840
 
$
12,861
 
OREO acquired
 
 
-
 
 
2,348
 
 
-
 
Transfers from loans and capitalized expenses
 
 
4,112
 
 
2,210
 
 
2,417
 
Foreclosed properties sold
 
 
(3,931)
 
 
(5,227)
 
 
(7,214)
 
Writedowns and partial liquidations
 
 
(585)
 
 
(779)
 
 
(1,224)
 
Balance at end of year
 
$
4,988
 
$
5,392
 
$
6,840