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Other Real Estate Owned (Tables)
9 Months Ended
Sep. 30, 2019
Other Real Estate [Abstract]  
Other Real Estate Owned Roll Forward [Table Text Block]

 

 

For the quarter ended September 30, 2019

 

 

Non-covered

 

Non-covered

 

 

 

 

OREO

 

OREO

 

 

(In thousands)

 

Commercial/Construction

 

Mortgage

 

Total

Balance at beginning of period

$

18,548

$

100,303

$

118,851

Write-downs in value

 

(348)

 

(745)

 

(1,093)

Additions

 

1,080

 

16,572

 

17,652

Sales

 

(2,069)

 

(15,182)

 

(17,251)

Other adjustments

 

-

 

(231)

 

(231)

Ending balance

$

17,211

$

100,717

$

117,928

 

 

For the nine months ended September 30, 2019

 

 

Non-covered

 

Non-covered

 

 

 

 

OREO

 

OREO

 

 

(In thousands)

 

Commercial/Construction

 

Mortgage

 

Total

Balance at beginning of period

$

21,794

$

114,911

$

136,705

Write-downs in value

 

(1,327)

 

(3,896)

 

(5,223)

Additions

 

4,259

 

41,042

 

45,301

Sales

 

(7,515)

 

(50,742)

 

(58,257)

Other adjustments

 

-

 

(598)

 

(598)

Ending balance

$

17,211

$

100,717

$

117,928

 

 

 

For the quarter ended September 30, 2018

 

 

 

Non-covered

 

Non-covered

 

 

 

 

 

OREO

 

OREO

 

 

(In thousands)

 

Commercial/Construction

 

Mortgage

 

Total

Balance at beginning of period

$

25,262

$

116,801

$

142,063

Write-downs in value

 

(487)

 

(2,584)

 

(3,071)

Additions

 

2,006

 

11,517

 

13,523

Sales

 

(1,309)

 

(17,296)

 

(18,605)

Other adjustments

 

-

 

(130)

 

(130)

Ending balance

$

25,472

$

108,308

$

133,780

 

 

 

For the nine months ended September 30, 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

 

(1,889)

 

(9,123)

 

(287)

 

(11,299)

Additions

 

9,047

 

17,047

 

-

 

26,094

Sales

 

(3,932)

 

(62,051)

 

(3,282)

 

(69,265)

Other adjustments

 

835

 

(747)

 

(693)

 

(605)

Transfer to non-covered status[1]

 

-

 

15,333

 

(15,333)

 

-

Ending balance

$

25,472

$

108,308

$

-

$

133,780

[1]

Represents the reclassification of OREOs to the non-covered category, pursuant to the Termination Agreement of all shared-loss agreements with the Federal Deposit Insurance Corporation related to loans acquired from Westernbank, that was completed on May 22, 2018.