Other Real Estate Owned

12 Months Ended

Dec. 31, 2016

FDIC Loss-Sharing Related

Other Real Estate Owned

Note 9 Other Real Estate Owned

A summary of the activity in the OREO balances during 2016 and 2015 is as follows:

	For the years ended December 31,
	2016		2015
Beginning balance	$	20,814	$	29,120
Purchases through acquisition, at fair value		—		1,488
Transfers from loan portfolio, at fair value		6,868		4,576
Impairments		(298)		(1,580)
Sales, net		(11,722)		(12,790)
Ending balance	$	15,662	$	20,814

The OREO balances exclude $1.6 million and $5.5 million at December 31, 2016 and 2015, 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 $4.4 million and $2.8 million for the years ended December 31, 2016 and 2015, respectively.