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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2018
Other Real Estate Owned  
Other Real Estate Owned

Note 7—Other Real Estate Owned

 

The following is a summary of information pertaining to OREO:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

(Dollars in thousands)

 

2018

2017

 

Beginning balance

 

$

11,203

$

18,316

 

Acquired in Southeastern Bank acquisition

 

 

 —

 

550

 

Acquired in Park Sterling Corp. acquisition

 

 

210

 

 —

 

Additions

 

 

2,895

 

4,284

 

Writedowns

 

 

(777)

 

(936)

 

Sold

 

 

(2,458)

 

(2,207)

 

Ending Balance

 

$

11,073

$

20,007

 

 

At March 31, 2018, there were a total of 77 properties included in OREO compared to 101 properties at March 31, 2017.  At March 31, 2018, the Company had $2.7 million in residential real estate included in OREO and $6.2 million in residential real estate consumer mortgage loans in the process of foreclosure.