Other Real Estate Owned

9 Months Ended

Sep. 30, 2013

Other Real Estate Owned

Other Real Estate Owned

Note 8—Other Real Estate Owned

The following is a summary of information pertaining to OREO at September 30, 2013:

(Dollars in thousands)	OREO			Covered OREO			Total
Balance, December 31, 2012	$	32,248		$	34,257		$	66,505
Acquired in First Financial acquisition	4,801			6,405			11,206
Additions	22,106			17,499			39,605
Write-downs	(5,446		)	(247		)	(5,693		)
Sold	(18,379		)	(17,371		)	(35,750		)
Balance, September 30, 2013	$	35,330		$	40,543		$	75,873

The following is a summary of information pertaining to OREO at September 30, 2012:

(Dollars in thousands)	OREO			Covered OREO			Total
Balance, December 31, 2011	$	18,022		$	65,849		$	83,871
Acquired in Peoples acquisition	7,916			—			7,916
Additions	21,185			19,146			40,331
Write-downs	(4,798		)	(8,850		)	(13,648		)
Sold	(14,841		)	(29,082		)	(43,923		)
Balance, September 30, 2012	$	27,484		$	47,063		$	74,547

The covered OREO above is covered pursuant to the FDIC loss share agreements and is presented net of the related fair value discount.  At September 30, 2013, there were 519 properties included in OREO, with 202 uncovered and 317 covered by loss share agreement with the FDIC.  At September 30, 2012, there were 599 properties included in OREO, with 129 uncovered and 470 covered by loss share agreement with the FDIC.