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Other Real Estate Owned (Tables)
 9 Months Ended
Sep. 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
September 30, 2015
 
 
 
 
 
Residential real estate
$
556

 
$
4,452

 
$
5,008

Commercial real estate
632

 
12,583

 
13,215

Residential land development
1

 
4,729

 
4,730

Commercial land development
1,994

 
11,387

 
13,381

Total
$
3,183

 
$
33,151

 
$
36,334

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

Acquired OREO
3,722

 
6,250

 
9,972

Transfer of balance to non-covered OREO(1)
(3,431
)
 
3,431

 
—

Transfers of loans
4,252

 
8,016

 
12,268

Capitalized improvements
—

 
—

 
—

Impairments(2)
(454
)
 
(1,831
)
 
(2,285
)
Dispositions
(7,268
)
 
(10,794
)
 
(18,062
)
Other
(6
)
 
(25
)
 
(31
)
Balance at September 30, 2015
$
3,183

 
$
33,151

 
$
36,334

 
(1)
Represents a transfer of balance on non-single family assets of Crescent Bank & Trust Company. The claims period to submit losses to the FDIC for reimbursement ended July 25, 2015 for non-single family assets.
(2)
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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Repairs and maintenance
$
215

 
$
223

 
$
513

 
$
1,760

Property taxes and insurance
176

 
148

 
560

 
445

Impairments
527

 
856

 
1,922

 
1,901

Net gains on OREO sales
(16
)
 
(85
)
 
(499
)
 
(97
)
Rental income
(41
)
 
(41
)
 
(149
)
 
(139
)
Total
$
861

 
$
1,101

 
$
2,347

 
$
3,870