OTHER REAL ESTATE OWNED

3 Months Ended

Mar. 31, 2016

Banking and Thrift [Abstract]

OTHER REAL ESTATE OWNED

NOTE 6. OTHER REAL ESTATE OWNED

The following is a summary of the activity in other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015:

(Dollars in Thousands)	March 31, 2016		December 31, 2015		March 31, 2015
Beginning balance, January 1	$	16,147	$	33,160	$	33,160
Loans transferred to other real estate owned		1,044		11,261		2,444
Net gains (losses) on sale and write-downs		(736)		(9,971)		(958)
Sales proceeds		(1,488)		(18,303)		(2,307)
Ending balance	$	14,967	$	16,147	$	32,339

The following is a summary of the activity in purchased, non-covered other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015:

(Dollars in Thousands)	March 31, 2016		December 31, 2015		March 31, 2015
Beginning balance, January 1	$	14,333	$	15,585	$	15,585
Loans transferred to other real estate owned		1,243		4,473		1,094
Acquired in acquisitions		1,838		2,160		-
Transfer from covered other real estate owned due to loss-share expiration		-		3,148		-
Net gains (losses) on sale and write-downs		58		201		129
Sales proceeds		(2,424)		(11,234)		(2,990)
Ending balance	$	15,048	$	14,333	$	13,818

The following is a summary of the activity in covered other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015:

(Dollars in Thousands)	March 31, 2016		December 31, 2015		March 31, 2015
Beginning balance, January 1	$	5,011	$	19,907	$	19,907
Loans transferred to other real estate owned		158		7,910		1,230
Transfer from covered other real estate owned due to loss-share expiration		-		(3,148)		-
Net gains (losses) on sale and write-downs		(821)		(5,926)		(1,005)
Sales proceeds		(584)		(13,732)		(4,043)
Ending balance	$	3,764	$	5,011	$	16,089