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Other Real Estate Owned (Tables)
 6 Months Ended
Jun. 30, 2015
Real Estate [Abstract]  
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
The following table provides details of the Company’s other real estate owned (“OREO”) covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs as of the dates presented:
 
 
Covered
OREO
 
Not Covered
OREO
 
Total
OREO
June 30, 2015
 
 
 
 
 
Residential real estate
$
534

 
$
3,174

 
$
3,708

Commercial real estate
1,688

 
8,737

 
10,425

Residential land development
343

 
3,926

 
4,269

Commercial land development
1,288

 
7,374

 
8,662

Total
$
3,853

 
$
23,211

 
$
27,064

December 31, 2014
 
 
 
 
 
Residential real estate
$
657

 
$
4,549

 
$
5,206

Commercial real estate
470

 
9,179

 
9,649

Residential land development
2,445

 
4,990

 
7,435

Commercial land development
2,796

 
9,386

 
12,182

Total
$
6,368

 
$
28,104

 
$
34,472
Changes in OREO covered and not covered under a loss-share agreement
Changes in the Company’s OREO covered and not covered under a loss-share agreement were as follows:
 
 
Covered
OREO
 
Not Covered
OREO
 
Total
OREO
Balance at January 1, 2015
$
6,368

 
$
28,104

 
$
34,472

Transfers of loans
2,697

 
4,233

 
6,930

Impairments(1)
(264
)
 
(1,342
)
 
(1,606
)
Dispositions
(4,895
)
 
(7,761
)
 
(12,656
)
Other
(53
)
 
(23
)
 
(76
)
Balance at June 30, 2015
$
3,853

 
$
23,211

 
$
27,064

 
(1)
Of the total impairment charges of $264 recorded for covered OREO, $53 was included in the Consolidated Statements of Income for the six months ended June 30, 2015, while the remaining $211 increased the FDIC loss-share indemnification asset.
Components of "Other real estate owned" in the Consolidated Statements of Income
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Repairs and maintenance
$
105

 
$
756

 
$
298

 
$
1,537

Property taxes and insurance
148

 
56

 
384

 
297

Impairments
953

 
207

 
1,395

 
1,045

Net (gains) losses on OREO sales
(195
)
 
102

 
(483
)
 
(12
)
Rental income
(57
)
 
(53
)
 
(108
)
 
(98
)
Total
$
954

 
$
1,068

 
$
1,486

 
$
2,769