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Other Real Estate Owned (Tables)
 9 Months Ended
Sep. 30, 2015
Banking and Thrift [Abstract]  
Changes in other real estate owned
The following table explains changes in other real estate owned during the nine months ended September 30, 2015 and September 30, 2014.
(Dollars in thousands)
Covered
 
Noncovered
 
Total
Balance at December 31, 2013
$
47,081

 
$
36,898

 
$
83,979

Additions
25,235

 
16,901

 
42,136

Additions acquired in the 1st Financial merger
—

 
11,591

 
11,591

Sales
(27,756
)
 
(23,526
)
 
(51,282
)
Writedowns
(9,751
)
 
(4,215
)
 
(13,966
)
Transfers (1)
(5,537
)
 
5,537

 
—

Balance at September 30, 2014
$
29,272

 
$
43,186

 
$
72,458

 
 
 
 
 
 
Balance at December 31, 2014
$
22,982

 
$
70,454

 
$
93,436

Additions
6,202

 
38,022

 
44,224

Sales
(17,539
)
 
(46,612
)
 
(64,151
)
Writedowns
(1,387
)
 
(2,263
)
 
(3,650
)
Transfers (1)
(2,106
)
 
2,106

 
—

Balance at September 30, 2015
$
8,152

 
$
61,707

 
$
69,859


(1) Transfers include OREO balances associated with expired loss share agreements.
At September 30, 2015 and December 31, 2014, BancShares had $15.8 million and $29.0 million, respectively, of foreclosed residential real estate property in OREO. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure totaled $18.9 million and $24.8 million at September 30, 2015 and December 31, 2014, respectively.