Other Real Estate Owned and Repossessed Assets (Tables)

9 Months Ended

Sep. 30, 2016

Tabular disclosure of the changes in non-covered and covered other real estate on properties owned

Changes in other real estate owned and repossessed assets were as follows:



(Dollars in thousands)	Other real estate owned			Repossessed assets
Balance at January 1, 2016	$	9,716		$	219
Additions due to acquisitions	13,227			313
Other additions (1)	3,945			2,084
Net payments received	(171		)	(764		)
Disposals	(6,232		)	(1,231		)
Write-downs	(376		)	—
Balance at September 30, 2016	$	20,109		$	621

Balance at January 1, 2015	$	13,953		$	252
Additions due to acquisitions	440			—
Other additions (1)	5,651			1,761
Net payments made/(received)	8			(13		)
Disposals	(8,179		)	(1,739		)
Write-downs	(927		)	—
Balance at September 30, 2015	$	10,946		$	261


(1)	Includes loans transferred to other real estate owned and other repossessed assets.

Schedule of income and expenses related to other real estate owned

Income and expenses related to other real estate owned and repossessed assets, recorded as a component of “Other expense” in the Consolidated Statements of Income, were as follows:



(Dollars in thousands)	Other real estate owned			Repossessed assets
For the three months ended September 30, 2016
Net gain (loss) on sale	$	788		$	(5	)
Write-downs	(145		)	—
Net operating expenses	(176		)	(8		)
Total	$	467		$	(13	)
For the nine months ended September 30, 2016
Net gain (loss) on sale	$	2,830		$	696
Write-downs	(376		)	—
Net operating expenses	(588		)	(11		)
Total	$	1,866		$	685
For the three months ended September 30, 2015
Net gain (loss) on sale	$	1,214		$	—
Write-downs	(363		)	—
Net operating expenses	(360		)	(2		)
Total	$	491		$	(2	)
For the nine months ended September 30, 2015
Net gain (loss) on sale	$	3,376		$	(21	)
Write-downs	(927		)	—
Net operating expenses	(1,238		)	(10		)
Total	$	1,211		$	(31	)