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Other Real Estate Owned and Repossessed Assets
 12 Months Ended
Dec. 31, 2017
Other Real Estate [Abstract]  
Other Real Estate Owned and Repossessed Assets
Other Real Estate Owned and Repossessed Assets
 
Changes in other real estate owned and repossessed assets, included in interest receivable and other assets on the Consolidated Statements of Financial Position, were as follows:
(Dollars in thousands)
 
Other real estate
 owned
 
Repossessed
assets
Balance at January 1, 2015
 
$
13,953

 
$
252

Additions due to acquisitions
 
440

 
—

Other additions(1)
 
6,957

 
2,372

Net payments received
 
(45
)
 
(22
)
Disposals
 
(10,168
)
 
(2,383
)
Write-downs
 
(1,421
)
 
—

Balance at December 31, 2015
 
$
9,716

 
$
219

Additions due to acquisitions
 
13,227

 
313

Other additions(1)
 
9,938

 
3,032

Net payments received
 
(1,560
)
 
(763
)
Disposals
 
(13,873
)
 
(2,426
)
Write-downs
 
(636
)
 
—

Balance at December 31, 2016
 
$
16,812

 
$
375

Other additions(1)
 
6,905

 
4,641

Net payments received
 
(1,064
)
 
—

Disposals
 
(12,831
)
 
(4,391
)
Write-downs
 
(1,640
)
 
—

Balance at December 31, 2017
 
$
8,182

 
$
625

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

At December 31, 2017 the Corporation had $0.5 million of other real estate owned and repossessed assets as a result of obtaining physical possession in accordance with ASU No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure. In addition, there were $4.2 million of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process, as of December 31, 2017.    
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 year ended December 31, 2017
 
 

 
 

Net gain (loss) on sale
 
$
3,038

 
$
(381
)
Write-downs
 
(1,640
)
 
—

Net operating expenses
 
(1,981
)
 
(41
)
Total
 
$
(583
)
 
$
(422
)
For the year ended December 31, 2016
 
 
 
 
Net gain (loss) on sale
 
$
5,325

 
$
523

Write-downs
 
(636
)
 
—

Net operating expenses
 
(740
)
 
(60
)
Total
 
$
3,949

 
$
463

For the year ended December 31, 2015
 
 
 
 
Net gain (loss) on sale
 
$
4,128

 
$
(26
)
Write-downs
 
(1,421
)
 
—

Net operating expenses
 
(1,604
)
 
(19
)
Total
 
$
1,103

 
$
(45
)