Other Real Estate and Covered Other Real Estate (Tables)

6 Months Ended

Jun. 30, 2015

Other Real Estate and Covered Other Real Estate [Abstract]

Changes and gains (losses), net on other real estate, excluding covered other real estate

For the periods presented, changes and gains, net on other real estate, excluding covered other real estate, were as follows ($ in thousands):

	Six Months Ended June 30,
	2015			2014
Balance at beginning of period	$	92,509		$	106,539
Additions		20,532			24,601
Disposals		(21,300	)		(20,827	)
Write-downs		(993	)		(3,343	)
Balance at end of period	$	90,748		$	106,970
Gain, net on the sale of other real estate included in ORE/Foreclosure expense	$	2,268		$	636

Other real estate, excluding covered other real estate, by type of property

At June 30, 2015 and December 31, 2014, other real estate, excluding covered other real estate, by type of property consisted of the following ($ in thousands):

	June 30, 2015		December 31, 2014
Construction, land development and other land properties	$	64,829	$	61,015
1-4 family residential properties		7,990		10,150
Nonfarm, nonresidential properties		16,434		19,696
Other real estate properties		1,495		1,648
Total other real estate, excluding covered other real estate	$	90,748	$	92,509

Other real estate, excluding covered other real estate, by geographic location

At June 30, 2015 and December 31, 2014, other real estate, excluding covered other real estate, by geographic location consisted of the following ($ in thousands):

	June 30, 2015		December 31, 2014
Alabama	$	21,849	$	21,196
Florida		31,059		35,324
Mississippi (1)		14,094		17,397
Tennessee (2)		9,707		10,292
Texas		14,039		8,300
Total other real estate, excluding covered other real estate	$	90,748	$	92,509

(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 periods presented, changes and losses, net on covered other real estate were as follows ($ in thousands):

	Six Months Ended June 30,
	2015			2014
Balance at beginning of period	$	6,060		$	5,108
Transfers from covered loans		177			218
FASB ASC 310-30 adjustment for the residual recorded investment		(917	)		(39	)
Net transfers from covered loans		(740	)		179
Disposals		(1,188	)		(632	)
Write-downs		(377	)		(783	)
Balance at end of period	$	3,755		$	3,872
Loss, net on the sale of covered other real estate included in ORE/Foreclosure expense	$	(99	)	$	(109	)

Covered other real estate by type of property

At June 30, 2015 and December 31, 2014, covered other real estate by type of property consisted of the following ($ in thousands):

	June 30, 2015		December 31, 2014
Construction, land development and other land properties	$	768	$	1,917
1-4 family residential properties		296		1,103
Nonfarm, nonresidential properties		1,963		2,296
Other real estate properties		728		744
Total covered other real estate	$	3,755	$	6,060