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