Other real estate owned

12 Months Ended

Dec. 31, 2021

Other Real Estate [Abstract]

Other Real Estate Owned

Note 13 – Other real estate ownedThe following tables present the activity related to Other Real Estate Owned (“OREO”), for the years ended December 31, 2021, 2020 and 2019.

		For the year ended December 31, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	13,214	$	69,932	$	83,146
Write-downs in value		(1,058)		(2,161)		(3,219)
Additions		9,746		55,898		65,644
Sales		(7,282)		(52,666)		(59,948)
Other adjustments		397		(943)		(546)
Ending balance	$	15,017	$	70,060	$	85,077

		For the year ended December 31, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	16,959	$	105,113	$	122,072
Write-downs in value		(1,564)		(3,060)		(4,624)
Additions		2,223		17,785		20,008
Sales		(4,359)		(49,797)		(54,156)
Other adjustments		(45)		(109)		(154)
Ending balance	$	13,214	$	69,932	$	83,146

		For the year ended December 31, 2019
		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	21,794	$	114,911	$	136,705
Write-downs in value		(1,584)		(4,541)		(6,125)
Additions		6,801		62,630		69,431
Sales		(9,892)		(67,137)		(77,029)
Other adjustments		(160)		(750)		(910)
Ending balance	$	16,959	$	105,113	$	122,072