Other Real Estate Owned

3 Months Ended

Mar. 31, 2016

Other Real Estate

Other Real Estate Owned

Note 14 – Other real estate owned

The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31,2016and 2015.

		For the quarter ended March 31, 2016
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	32,471	$	122,760	$	36,685	$	191,916
Write-downs in value		(1,717)		(2,016)		(500)		(4,233)
Additions		1,810		24,276		4,483		30,569
Sales		(1,595)		(8,500)		(3,649)		(13,744)
Other adjustments		(615)		(914)		(622)		(2,151)
Ending balance	$	30,354	$	135,606	$	36,397	$	202,357

		For the quarter ended March 31, 2015
		Non-covered		Non-covered		Covered		Covered
		OREO		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	38,983	$	96,517	$	85,394	$	44,872	$	265,766
Write-downs in value		(5,887)		(1,372)		(9,395)		(1,282)		(17,936)
Additions		2,035		21,075		4,038		5,381		32,529
Sales		(9,427)		(13,086)		(9,464)		(5,822)		(37,799)
Other adjustments		(96)		(572)		-		(165)		(833)
Ending balance	$	25,608	$	102,562	$	70,573	$	42,984	$	241,727