Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2014

Other Real Estate Owned

Summary of OREO activity

The following table provides a summary of OREO activity for the three months ended September 30, 2014 and 2013:

	For the three months ended September 30, 2014									For the three months ended September 30, 2013
(in thousands)	Non-Covered  OREO			Covered  OREO			Total			Non-Covered  OREO			Covered  OREO			Total
Balance, beginning of period	$	4,269		$	17,944		$	22,213		$	19,676		$	41,801		$	61,477
Additions	5,957			1,276			7,233			—			4,008			4,008
Sales	(83		)	(4,366		)	(4,449		)	(771		)	(14,435		)	(15,206		)
Valuation adjustments	(28		)	(367		)	(395		)	—			(1,556		)	(1,556		)
Balance, end of period	$	10,115		$	14,487		$	24,602		$	18,905		$	29,818		$	48,723

The following table provides a summary of OREO activity for the nine months ended September 30, 2014 and 2013:

	For the nine months ended September 30, 2014									For the nine months ended September 30, 2013
(in thousands)	Non-Covered  OREO			Covered  OREO			Total			Non-Covered  OREO			Covered  OREO			Total
Balance, beginning of period	$	12,611		$	25,481		$	38,092		$	21,027		$	58,276		$	79,303
Additions	6,068			5,296			11,364			723			17,914			18,637
Sales	(8,523		)	(14,834		)	(23,357		)	(2,552		)	(39,597		)	(42,149		)
Valuation adjustments	(41		)	(1,456		)	(1,497		)	(293		)	(6,775		)	(7,068		)
Balance, end of period	$	10,115		$	14,487		$	24,602		$	18,905		$	29,818		$	48,723