Other Real Estate Owned

3 Months Ended

Mar. 31, 2017

Banking and Thrift [Abstract]

Other Real Estate Owned

NOTE 9 – OTHER REAL ESTATE OWNED

The following table presents activity in other real estate owned for the three months ended March 31, 2017 and 2016:

(dollars in thousands)	2017			2016
Balance at January 1,	$	18,546		$	12,498
Additions		291			2,566
Sales		(5,420	)		(1,206	)
Impairment		(870	)		(336	)
Balance (1) at March 31,	$	12,547		$	13,522

(1) Includes repossessed personal property of $0.3 million at March 31, 2017 and 2016.

At March 31, 2017, foreclosed residential real estate property included in the table above totaled $1.1 million. At March 31, 2017, consumer mortgage loans collateralized by residential real property that were in the process of foreclosure totaled $3.7 million.

Other real estate owned that was covered by loss share arrangements totaled $6.5 million at March 31, 2016 and was included in other real estate owned in the table above and on the balance sheet for that period. Old National entered into an agreement with the FDIC on June 22, 2016 to terminate its loss share agreements.