Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2016

Other Real Estate

Other Real Estate Owned Roll Forward [Table Text Block]

		For the quarter ended June 30, 2016
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	30,354	$	135,606	$	36,397	$	202,357
Write-downs in value		(561)		(1,621)		(366)		(2,548)
Additions		1,302		31,624		5,240		38,166
Sales		(6,985)		(12,403)		(3,307)		(22,695)
Other adjustments		-		(291)		20		(271)
Ending balance	$	24,110	$	152,915	$	37,984	$	215,009

		For the six months ended June 30, 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		(2,278)		(3,630)		(866)		(6,774)
Additions		3,112		55,900		9,723		68,735
Sales		(8,580)		(20,903)		(6,956)		(36,439)
Other adjustments		(615)		(1,212)		(602)		(2,429)
Ending balance	$	24,110	$	152,915	$	37,984	$	215,009

		For the quarter ended June 30, 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	$	25,608	$	102,562	$	70,573	$	42,984	$	241,727
Write-downs in value		(4,162)		(2,463)		(10,955)		(1,393)		(18,973)
Additions		2,793		18,532		5,623		8,879		35,827
Sales		(4,868)		(14,243)		(50,285)		(13,806)		(83,202)
Other adjustments		850		50		(452)		(68)		380
Transfer to non-covered status[1]		14,504		3,092		(14,504)		(3,092)		-
Ending balance	$	34,725	$	107,530	$	-	$	33,504	$	175,759
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the expiration of the commercial and consumer shared-loss arrangement with the FDIC related to loans acquired from Westernbank, on June 30, 2015.

		For the six months ended June 30, 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		(10,049)		(3,835)		(20,350)		(2,675)		(36,909)
Additions		4,828		39,607		9,661		14,260		68,356
Sales		(14,295)		(27,329)		(59,749)		(19,628)		(121,001)
Other adjustments		754		(522)		(452)		(233)		(453)
Transfer to non-covered status[1]		14,504		3,092		(14,504)		(3,092)		-
Ending balance	$	34,725	$	107,530	$	-	$	33,504	$	175,759
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the expiration of the commercial and consumer shared-loss arrangement with the FDIC related to loans acquired from Westernbank, on June 30, 2015.