Other Real Estate Owned

6 Months Ended

Jun. 30, 2016

Banking and Thrift [Abstract]

Other Real Estate Owned

Note 6 Other Real Estate Owned

A summary of the activity in the OREO balances during the six months ended June 30, 2016 and 2015 is as follows:

	For the six months ended June 30,
	2016		2015
Beginning balance	$	20,814	$	29,120
Transfers from loan portfolio, at fair value		3,654		920
Impairments		(104)		(757)
Sales, net		(1,122)		(8,916)
Ending balance	$	23,242	$	20,367

At June 30, 2016 and December 31, 2015, OREO balances excluded $1.6 million and $5.5 million, respectively, of the Company’s minority interests in OREO, which are held by outside banks where the Company was not the lead bank and does not have a controlling interest. The Company maintains a receivable in other assets for these minority interests. Included in Sales, net are net gains of $2.0 million and $2.1 million for the six months ended June 30, 2016 and 2015, respectively.