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Other Real Estate Owned and Repossessed Assets (Tables)
 12 Months Ended
Dec. 31, 2018
Other Real Estate [Abstract]  
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, 2016
 
$
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

Transfers based on adoption of ASU 2014-09 (2)
 
(189
)
 
—

Other additions(1)
 
7,179

 
4,307

Net payments received
 
(249
)
 
—

Disposals
 
(7,825
)
 
(4,508
)
Write-downs
 
(1,266
)
 
—

Balance at December 31, 2018
 
$
5,832

 
$
424

(1) 
Includes loans transferred to other real estate owned and other repossessed assets.
(2) 
In accordance with the updates to Topic 606 adopted by the Corporation effective January 1, 2018, $1.1 million of other real estate owned sold with seller financing were reclassified on the Consolidated Statements of Financial Position to loans and the related $0.9 million of deferred gains were recognized in income as an adjustment to opening retained earnings. Refer to Note 1, Summary of Significant Accounting Policies for further information.
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" operating expenses in the Consolidated Statements of Income, were as follows:
(Dollars in thousands)
 
Other real estate
 owned
 
Repossessed
assets
For the year ended December 31, 2018
 
 

 
 

Net gain (loss) on sale
 
$
1,372

 
$
(309
)
Write-downs
 
(1,266
)
 
—

Net operating expenses
 
(858
)
 
(5
)
Total
 
$
(752
)
 
$
(314
)
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 on sale
 
$
5,325

 
$
523

Write-downs
 
(636
)
 
—

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

 
$
463