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Other Real Estate and Covered Other Real Estate (Tables)
 9 Months Ended
Sep. 30, 2013
Other Real Estate and Covered Other Real Estate [Abstract]  
Changes and losses, net on non-covered other real estate
For the periods presented, changes and losses, net on other real estate, excluding covered other real estate, were as follows ($ in thousands):

 
 
Nine Months Ended September 30,
 
 
 
2013
  
2012
 
Balance at beginning of period
 
$
78,189
  
$
79,053
 
Additions (1)
  
73,890
   
32,428
 
Disposals
  
(29,605
)
  
(24,248
)
Writedowns
  
(6,145
)
  
(4,758
)
Balance at end of period
 
$
116,329
  
$
82,475
 
 
        
Loss, net on the sale of other real estate included in ORE/Foreclosure expense
 
$
(110
)
 
$
(175
)

(1) Includes $40.1 million of other real estate acquired from BancTrust at September 30, 2013, and $2.6 million of other real estate acquired from Bay Bank at September 30, 2012.
Other real estate by type of property
Other real estate, excluding covered other real estate, by type of property consisted of the following for the periods presented ($ in thousands):

 
 
September 30,
  
December 31,
 
 
 
2013
  
2012
 
Construction, land development and other land properties
 
$
66,200
  
$
46,957
 
1-4 family residential properties
  
15,280
   
8,134
 
Nonfarm, nonresidential properties
  
32,249
   
22,760
 
Other real estate properties
  
2,600
   
338
 
Total other real estate, excluding covered other real estate
 
$
116,329
  
$
78,189
 
Other real estate by geographic location
Other real estate, excluding covered other real estate, by geographic location consisted of the following for the periods presented ($ in thousands):

 
 
September 30,
  
December 31,
 
 
 
2013
  
2012
 
Alabama
 
$
25,308
  
$
-
 
Florida
  
39,198
   
18,569
 
Mississippi (1)
  
25,439
   
27,771
 
Tennessee (2)
  
14,615
   
17,589
 
Texas
  
11,769
   
14,260
 
Total other real estate, excluding covered other real estate
 
$
116,329
  
$
78,189
 

(1) - Mississippi includes Central and Southern Mississippi Regions
(2) - Tennessee includes Memphis, Tennessee and Northern Mississippi Regions
Changes, gains and losses, net on covered other real estate
For the nine months ended September 30, 2013 and 2012, changes and gains, net on covered other real estate were as follows ($ in thousands):

 
 
Nine Months Ended September 30,
 
 
 
2013
  
2012
 
Balance at beginning of period
 
$
5,741
  
$
6,331
 
Transfers from covered loans
  
1,380
   
1,424
 
FASB ASC 310-30 adjustment for the residual recorded investment
  
(541
)
  
(112
)
Net transfers from covered loans
  
839
   
1,312
 
Disposals
  
(848
)
  
(1,673
)
Writedowns
  
(640
)
  
(248
)
Balance at end of period
 
$
5,092
  
$
5,722
 
 
        
Gain, net on the sale of covered other real estate included in ORE/Foreclosure expense
 
$
47
  
$
440
 
Covered other real estate by type of property
Covered other real estate by type of property consisted of the following for the periods presented ($ in thousands):

 
 
September 30,
  
December 31,
 
 
 
2013
  
2012
 
Construction, land development and other land properties
 
$
733
  
$
1,284
 
1-4 family residential properties
  
1,777
   
1,306
 
Nonfarm, nonresidential properties
  
2,525
   
3,151
 
Other real estate properties
  
57
   
-
 
Total covered other real estate
 
$
5,092
  
$
5,741