Foreclosed Real Estate

12 Months Ended

Dec. 31, 2017

Other Real Estate [Abstract]

Real Estate Owned Text Block

NOTE 9—FORECLOSED REAL ESTATE

The following tables present the activity related to foreclosed real estate for the years ended December 31, 2017, 2016 and 2015:

	Year Ended December 31, 2017
	Originated and other loans and leases held for investment		Acquired BBVAPR loans		Acquired Eurobank loans		Total
		(In thousands)
Balance at beginning of year	$	12,390	$	21,379	$	13,751	$	47,520
Decline in value		(1,913)		(2,850)		(1,797)		(6,560)
Additions		10,565		9,416		3,120		23,101
Sales		(6,615)		(9,453)		(3,530)		(19,598)
Other adjustments		(144)		(145)		-		(289)
Balance at end of year	$	14,283	$	18,347	$	11,544	$	44,174
	Year Ended December 31, 2016
	Originated and other loans and leases held for investment		Acquired BBVAPR loans		Acquired Eurobank loans		Total
		(In thousands)
Balance at beginning of year	$	10,324	$	26,757	$	21,095	$	58,176
Decline in value		(1,966)		(6,124)		(4,913)		(13,003)
Additions		10,170		7,872		3,591		21,633
Sales		(6,138)		(7,126)		(6,022)		(19,286)
Balance at end of year	$	12,390	$	21,379	$	13,751	$	47,520
	Year Ended December 31, 2015
	Originated and other loans and leases held for investment		Acquired BBVAPR loans		Acquired Eurobank loans		Total
		(In thousands)
Balance at beginning of year	$	12,343	$	35,804	$	47,603	$	95,750
Decline in value		(2,831)		(7,668)		(13,791)		(24,290)
Additions		9,817		8,213		18,535		36,565
Sales		(5,933)		(9,338)		(31,075)		(46,346)
Other adjustments		(3,072)		(254)		(177)		(3,503)
Balance at end of year	$	10,324	$	26,757	$	21,095	$	58,176

After the hurricanes Irma and Maria,management has evaluated the potential impact these two events brought to Oriental’s foreclosed real estate, considering the related underlying insurance coverage.Oriental has performed property inspections andtaking into consideration all available information, the fair value of these properties was notmaterially impacted.