Other Real Estate Owned and Repossessed Assets (Tables)

12 Months Ended

Dec. 31, 2017

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, 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.

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 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	)