Other real estate owned

6 Months Ended

Jun. 30, 2021

Other Real Estate [Abstract]

Other Real Estate Owned

Note 11 – Other real estate ownedThe following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters and six months ended June 30, 2021 and 2020.

		For the quarter ended June 30, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	15,085	$	56,975	$	72,060
Write-downs in value		(157)		(549)		(706)
Additions		2,125		17,067		19,192
Sales		(2,653)		(14,519)		(17,172)
Other adjustments		181		(283)		(102)
Ending balance	$	14,581	$	58,691	$	73,272

		For the quarter ended June 30, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	17,537	$	106,385	$	123,922
Write-downs in value		(805)		(671)		(1,476)
Additions		-		842		842
Sales		(250)		(9,089)		(9,339)
Other adjustments		-		(9)		(9)
Ending balance	$	16,482	$	97,458	$	113,940

		For the six months ended June 30, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	13,214	$	69,932	$	83,146
Write-downs in value		(464)		(1,519)		(1,983)
Additions		5,975		18,940		24,915
Sales		(4,325)		(28,379)		(32,704)
Other adjustments		181		(283)		(102)
Ending balance	$	14,581	$	58,691	$	73,272

		For the six months ended June 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		(1,314)		(1,571)		(2,885)
Additions		2,120		16,249		18,369
Sales		(1,283)		(22,429)		(23,712)
Other adjustments		-		96		96
Ending balance	$	16,482	$	97,458	$	113,940