Other Real Estate Owned

12 Months Ended

Dec. 31, 2015

Other Real Estate Owned

Other Real Estate Owned

Note 6—Other Real Estate Owned

The following is a summary of the changes in the carrying value of OREO:

			Covered
(Dollars in thousands)	OREO		OREO		Total
Balance, December 31, 2012	$	32,248	$	34,257	$	66,505
Acquired in FFHI acquisition		4,801		6,405		11,206
Additions, net		33,761		20,559		54,320
Writedowns		(7,831)		(278)		(8,109)
Sold		(25,581)		(33,423)		(59,004)
Balance, December 31, 2013		37,398		27,520		64,918
Additions, net		29,260		16,555		45,815
Writedowns		(4,827)		(5,858)		(10,685)
Sold		(35,332)		(21,990)		(57,322)
Balance, December 31, 2014	$	26,499	$	16,227	$	42,726
Transfers		2,245		(2,245)		—
Additions, net		21,419		9,283		30,702
Writedowns		(3,163)		(6,265)		(9,428)
Sold		(22,197)		(11,249)		(33,446)
Balance, December 31, 2015	$	24,803	$	5,751	$	30,554

The covered OREO above is covered pursuant to the FDIC loss share agreements and is presented net of the related fair value discount. At December 31, 2015, there were 138 properties included in OREO, with 118 uncovered and 20 covered by loss share agreement with the FDIC. At December 31, 2014, there were 279 properties in OREO, with 166 uncovered and 113 covered by loss share agreement with the FDIC. During 2015, the Company sold 299 properties with 100 covered by loss share agreements with the FDIC and 199 not covered. For the year ended December 31, 2014, the Company sold 557 properties with 304 covered by loss share agreements with the FDIC and 253 were not covered. At December 31, 2015, the Company had $3.4 million in residential real estate included in OREO and $7.7 million in residential real estate consumer mortgage loans in the process of foreclosure.