Other Real Estate Owned

9 Months Ended

Sep. 30, 2020

Other Real Estate [Abstract]

Other Real Estate Owned

Note 12 – Other real estate ownedThe following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters and nine months ended September 30, 2020 and 2019.

		For the quarter ended September 30, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	16,482	$	97,458	$	113,940
Write-downs in value		(160)		(843)		(1,003)
Additions		41		1,467		1,508
Sales		(1,385)		(12,416)		(13,801)
Other adjustments		(56)		4		(52)
Ending balance	$	14,922	$	85,670	$	100,592

		For the quarter ended September 30, 2019
		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, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	16,959	$	105,113	$	122,072
Write-downs in value		(1,474)		(2,414)		(3,888)
Additions		2,161		17,716		19,877
Sales		(2,668)		(34,845)		(37,513)
Other adjustments		(56)		100		44
Ending balance	$	14,922	$	85,670	$	100,592

		For the nine months ended September 30, 2019
		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