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OTHER REAL ESTATE OWNED
 6 Months Ended
Jun. 30, 2017
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 six months ended June 30, 2017 and 2016:
 
 
 
June 30,
 
June 30,
 
(dollars in thousands)
 
2017
 
2016
 
Beginning balance, January 1
 
$
10,874
 
$
16,147
 
Loans transferred to other real estate owned
 
 
3,347
 
 
1,499
 
Net gains (losses) on sale and write-downs recorded in statement of income
 
 
(553)
 
 
(1,057)
 
Sales proceeds
 
 
(2,185)
 
 
(2,824)
 
 
 
 
 
 
 
 
 
Ending balance
 
$
11,483
 
$
13,765
 
 
The following is a summary of the activity in purchased other real estate owned during the six months ended June 30, 2017 and 2016:
 
 
 
June 30,
 
June 30,
 
(dollars in thousands)
 
2017
 
2016
 
Beginning balance, January 1
 
$
12,540
 
$
19,344
 
Loans transferred to other real estate owned
 
 
3,281
 
 
3,420
 
Acquired in acquisitions
 
 
-
 
 
1,838
 
Portion of gains (losses) on sale and write-downs payable to (receivable from) the FDIC under loss-sharing agreements
 
 
40
 
 
-
 
Net gains (losses) on sale and write-downs recorded in statement of income
 
 
819
 
 
(938)
 
Sales proceeds
 
 
(5,350)
 
 
(6,994)
 
 
 
 
 
 
 
 
 
Ending balance
 
$
11,330
 
$
16,670