XML 27 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Other Real Estate Owned
6 Months Ended
Jun. 30, 2020
Other Real Estate Owned  
Other Real Estate Owned

Note 8—Other Real Estate Owned

The following is a summary of information pertaining to OREO:

Six Months Ended June 30,

(Dollars in thousands)

2020

2019

OREO

OREO

Beginning balance

    

$

11,964

    

$

11,410

  

Acquired in the CSFL acquisition

10,025

Additions

4,057

7,632

Writedowns

(350)

(487)

Sold

(2,939)

(4,049)

Reclass of bank property held for sale

(4,741)

(5,785)

Ending Balance

$

18,016

$

8,721

At June 30, 2020, there were a total of 76 properties included in OREO compared to 62 properties at June 30, 2019. During the three months ended June 30, 2020, a reclassification was made for bank property held for sale, which reduced the June 30, 2020 balance by $4.7 million, representing 11 properties, and the June 30, 2019 balance by $5.8 million, representing 12 properties. Bank property held for sale is now separately disclosed on the balance sheet. At June 30, 2020, we had $2.8 million in residential real estate included in OREO and $7.0 million in residential real estate consumer mortgage loans in the process of foreclosure.