Other Real Estate Owned

3 Months Ended

Mar. 31, 2017

FDIC Loss-Sharing Related

Other Real Estate Owned

Note 6 Other Real Estate Owned

A summary of the activity in the OREO balances during the three months ended March 31, 2017 and 2016 is as follows:

	For the three months ended March 31,
	2017		2016
Beginning balance	$	15,662	$	20,814
Transfers from loan portfolio, at fair value		578		474
Impairments		(46)		(69)
Sales, net		(642)		(200)
Ending balance	$	15,552	$	21,019

At March 31, 2017 and December 31, 2016, OREO balances excluded $1.6 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 $0.1 million and $0.4 million for the three months ended March 31, 2017 and 2016, respectively.