OTHER REAL ESTATE OWNED

9 Months Ended

Sep. 30, 2015

Banking and Thrift [Abstract]

OTHER REAL ESTATE OWNED

NOTE 7. OTHER REAL ESTATE OWNED

The following is a summary of the activity in other real estate owned during the nine months ended September 30, 2015, the year ended December 31, 2014 and the nine months ended September 30, 2014:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Beginning balance, January 1	$	33,160	$	33,351	$	33,351
Loans transferred to other real estate owned		9,838		11,972		9,268
Net gains (losses) on sale and write-downs		(9,583)		(4,585)		(2,164)
Sales proceeds		(12,685)		(7,578)		(5,135)
Ending balance	$	20,730	$	33,160	$	35,320

The following is a summary of the activity in purchased, non-covered other real estate owned during the nine months ended September 30, 2015, the year ended December 31, 2014 and the nine months ended September 30, 2014:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Beginning balance, January 1	$	15,585	$	4,276	$	4,276
Loans transferred to other real estate owned		2,565		4,160		1,955
Acquired in acquisitions		2,189		8,864		8,864
Transfer from covered other real estate owned due to loss-share expiration		75		1,226		-
Net gains (losses) on sale and write-downs		326		828		404
Sales proceeds		(9,202)		(3,769)		(1,839)
Ending balance	$	11,538	$	15,585	$	13,660

The following is a summary of the activity in covered other real estate owned during the nine months ended September 30, 2015, the year ended December 31, 2014 and the nine months ended September 30, 2014:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Beginning balance, January 1	$	19,907	$	45,893	$	45,893
Loans transferred to other real estate owned		6,909		13,650		10,839
Transfer from covered other real estate owned due to loss-share expiration		(75)		(1,226)		-
Net gains (losses) on sale and write-downs		(2,936)		(5,965)		(2,909)
Sales proceeds		(11,602)		(32,445)		(24,940)
Ending balance	$	12,203	$	19,907	$	28,883