Other Real Estate Owned

3 Months Ended

Mar. 31, 2018

Other Real Estate

Other Real Estate Owned

Note 12 – Other real estate owned

The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31,2018and 2017.

		For the quarter ended March 31, 2018
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	21,411	$	147,849	$	19,595	$	188,855
Write-downs in value		(654)		(2,514)		(287)		(3,455)
Additions		4,403		2,984		-		7,387
Sales		(389)		(20,305)		(3,282)		(23,976)
Other adjustments		864		(588)		(693)		(417)
Ending balance	$	25,635	$	127,426	$	15,333	$	168,394

		For the quarter ended March 31, 2017
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	20,401	$	160,044	$	32,128	$	212,573
Write-downs in value		(1,259)		(2,755)		(772)		(4,786)
Additions		4,538		26,254		4,109		34,901
Sales		(993)		(20,409)		(5,397)		(26,799)
Other adjustments		(133)		148		(142)		(127)
Ending balance	$	22,554	$	163,282	$	29,926	$	215,762