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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 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
December 31, 2015
 
 
 
 
 
Residential real estate
$
529

 
$
4,265

 
$
4,794

Commercial real estate
346

 
11,041

 
11,387

Residential land development
1

 
4,595

 
4,596

Commercial land development
1,942

 
12,683

 
14,625

Total
$
2,818

 
$
32,584

 
$
35,402

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 December 31, 2013
$
12,942

 
$
39,945

 
$
52,887

Acquired OREO
—

 
—

 
—

Transfers of loans
7,794

 
8,529

 
16,323

Capitalized improvements
—

 
—

 
—

Impairments(1)
(3,242
)
 
(1,786
)
 
(5,028
)
Dispositions
(10,428
)
 
(18,379
)
 
(28,807
)
Other
(698
)
 
(205
)
 
(903
)
Balance at December 31, 2014
$
6,368

 
$
28,104

 
$
34,472

Acquired OREO
3,722

 
6,250

 
9,972

Transfer of balance to non-covered OREO(2)
(3,431
)
 
3,431

 
—

Transfers of loans
4,563

 
10,372

 
14,935

Capitalized improvements
—

 
—

 
—

Impairments(1)
(454
)
 
(2,065
)
 
(2,519
)
Dispositions
(7,941
)
 
(13,483
)
 
(21,424
)
Other
(9
)
 
(25
)
 
(34
)
Balance at December 31, 2015
$
2,818

 
$
32,584

 
$
35,402

 
(1)
Of the total impairment charges of $3,242 recorded for covered OREO in 2014, $648 was included in the Consolidated Statements of Income for the year ended December 31, 2014, while the remaining $2,594 increased the FDIC loss-share indemnification asset. Of the total impairment charges of $454 recorded for covered OREO in 2015, $92 was included in the Consolidated Statements of Income for the year ended December 31, 2015, while the remaining $362 increased the FDIC loss-share indemnification asset.
(2)
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.
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:
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Repairs and maintenance
$
840

 
$
2,129

 
$
2,191

Property taxes and insurance
809

 
372

 
1,272

Impairments
2,157

 
2,434

 
3,270

Net (gains) losses on OREO sales
(582
)
 
(151
)
 
590

Rental income
(179
)
 
(191
)
 
(357
)
Total
$
3,045

 
$
4,593

 
$
6,966