Other Real Estate Owned

6 Months Ended

Jun. 30, 2015

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, 2015, the year ended December 31, 2014 and the six months ended June 30, 2014:

(Dollars in Thousands)	June 30, 2015			December 31, 2014			June 30, 2014
Beginning balance, January 1	$	33,160		$	33,351		$	33,351
Loans transferred to other real estate owned		8,636			11,972			6,400
Net gains (losses) on sale and write-downs		(9,449	)		(4,585	)		(1,523	)
Sales proceeds		(9,780	)		(7,578	)		(2,855	)
Ending balance	$	22,567		$	33,160		$	35,373

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

(Dollars in Thousands)	June 30, 2015			December 31, 2014			June 30, 2014
Beginning balance, January 1	$	15,585		$	4,276		$	4,276
Loans transferred to other real estate owned		2,039			4,160			1,425
Acquired in acquisitions		2,189			8,864			11,464
Transfer from covered other real estate owned due to loss-share expiration		75			1,226			—
Net gains (losses) on sale and write-downs		182			828			61
Sales proceeds		(6,958	)		(3,769	)		(628	)
Ending balance	$	13,112		$	15,585		$	16,598

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

(Dollars in Thousands)	June 30, 2015			December 31, 2014			June 30, 2014
Beginning balance, January 1	$	19,907		$	45,893		$	45,893
Loans transferred to other real estate owned		6,534			13,650			9,083
Transfer from covered other real estate owned due to loss-share expiration		(75	)		(1,226	)		—
Net gains (losses) on sale and write-downs		(2,758	)		(5,965	)		(2,613	)
Sales proceeds		(10,982	)		(32,445	)		(13,937	)
Ending balance	$	12,626		$	19,907		$	38,426