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Other Real Estate and Covered Other Real Estate (Tables)
 3 Months Ended
Mar. 31, 2014
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):

 
 
Three Months Ended March 31,
 
 
 
2014
  
2013
 
Balance at beginning of period
 
$
106,539
  
$
78,189
 
Additions (1)
  
13,694
   
49,980
 
Disposals
  
(7,594
)
  
(8,162
)
Writedowns
  
(1,103
)
  
(1,601
)
Balance at end of period
 
$
111,536
  
$
118,406
 
 
        
Loss, net on the sale of other real estate included in ORE/Foreclosure expense
 
$
(415
)
 
$
(15
)

(1) Additions as of March 31, 2013 included $41.2 million of other real estate acquired from BancTrust on February 15, 2013.
Other real estate by type of property
Other real estate, excluding covered other real estate, by type of property consisted of the following for the periods presented ($ in thousands):

 
 
March 31,
  
December 31,
 
 
 
2014
  
2013
 
Construction, land development and other land properties
 
$
68,216
  
$
65,273
 
1-4 family residential properties
  
13,994
   
14,696
 
Nonfarm, nonresidential properties
  
29,152
   
26,433
 
Other real estate properties
  
174
   
137
 
Total other real estate, excluding covered other real estate
 
$
111,536
  
$
106,539
 
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):

 
 
March 31,
  
December 31,
 
 
 
2014
  
2013
 
Alabama
 
$
24,103
  
$
25,912
 
Florida
  
42,013
   
34,480
 
Mississippi (1)
  
22,287
   
22,766
 
Tennessee (2)
  
13,000
   
12,892
 
Texas
  
10,133
   
10,489
 
Total other real estate, excluding covered other real estate
 
$
111,536
  
$
106,539
 

(1) - Mississippi includes Central and Southern Mississippi Regions
(2) - Tennessee includes Memphis, Tennessee and Northern Mississippi Regions
 
Changes and gains (losses), net on covered other real estate
For the three months ended March 31, 2014 and 2013, changes and gains (losses), net on covered other real estate were as follows ($ in thousands):

 
 
Three Months Ended March 31,
 
 
 
2014
  
2013
 
Balance at beginning of period
 
$
5,108
  
$
5,741
 
Transfers from covered loans
  
98
   
947
 
FASB ASC 310-30 adjustment for the residual recorded investment
  
(52
)
  
(246
)
Net transfers from covered loans
  
46
   
701
 
Disposals
  
(315
)
  
(203
)
Writedowns
  
(80
)
  
(360
)
Balance at end of period
 
$
4,759
  
$
5,879
 
 
        
Loss, net on the sale of covered other real estate included in ORE/Foreclosure expense
 
$
(120
)
 
$
(59
)
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):

 
 
March 31,
  
December 31,
 
 
 
2014
  
2013
 
Construction, land development and other land properties
 
$
725
  
$
733
 
1-4 family residential properties
  
1,586
   
1,981
 
Nonfarm, nonresidential properties
  
2,448
   
2,394
 
Total covered other real estate
 
$
4,759
  
$
5,108