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OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 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 years ended December 31, 2016 and 2015:
 
(Dollars in Thousands)
 
2016
 
2015
 
Balance, January 1
 
$
16,147
 
$
33,160
 
Loans transferred to other real estate owned
 
 
3,203
 
 
11,261
 
Net gains (losses) on sale and write-downs
 
 
(1,338)
 
 
(9,971)
 
Sales proceeds
 
 
(7,138)
 
 
(18,303)
 
Ending balance
 
$
10,874
 
$
16,147
 
 
The following is a summary of the activity in purchased non-covered other real estate owned during years ended December 31, 2016 and 2015:
 
(Dollars in Thousands)
 
2016
 
2015
 
Balance, January 1
 
$
14,333
 
$
15,585
 
Loans transferred to other real estate owned
 
 
4,419
 
 
4,473
 
Acquired in acquisitions
 
 
1,927
 
 
2,160
 
Transfer from covered other real estate owned due to loss-share expiration
 
 
466
 
 
3,148
 
Net gains (losses) on sale and write-downs
 
 
(75)
 
 
201
 
Sales proceeds
 
 
(9,738)
 
 
(11,234)
 
Ending balance
 
$
11,332
 
$
14,333
 
 
The following is a summary of the activity in covered other real estate owned during years ended December 31, 2016 and 2015:
 
(Dollars in Thousands)
 
2016
 
2015
 
Balance, January 1
 
$
5,011
 
$
19,907
 
Loans transferred to other real estate owned
 
 
2,810
 
 
7,910
 
Transfer to purchased non-covered other real estate owned due to loss-share expiration
 
 
(466)
 
 
(3,148)
 
Net gains (losses) on sale and write-downs
 
 
(540)
 
 
(5,926)
 
Sales proceeds
 
 
(5,607)
 
 
(13,732)
 
Ending balance
 
$
1,208
 
$
5,011