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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Other Real Estate Owned
OTHER REAL ESTATE OWNED (OREO)

The following table explains changes in other real estate owned during 2015 and 2014.
(Dollars in thousands)
Covered
 
Noncovered
 
Total
Balance at January 1, 2014
$
47,081

 
$
36,898

 
$
83,979

Additions
29,708

 
36,574

 
66,282

Additions acquired in the Bancorporation merger
1,336

 
34,008

 
35,344

Additions acquired in the 1st Financial merger
—

 
11,591

 
11,591

Sales
(38,753
)
 
(48,935
)
 
(87,688
)
Writedowns
(10,853
)
 
(5,219
)
 
(16,072
)
Transfers (1)
(5,537
)
 
5,537

 
—

Balance at December 31, 2014
22,982

 
70,454

 
93,436

Additions
7,357

 
47,866

 
55,223

Sales
(19,629
)
 
(56,853
)
 
(76,482
)
Writedowns
(1,478
)
 
(5,140
)
 
(6,618
)
Transfers (1)
(2,415
)
 
2,415

 
—

Balance at December 31, 2015
$
6,817

 
$
58,742

 
$
65,559

(1) Transfers include OREO balances associated with expired loss share agreements.
At December 31, 2015 and December 31, 2014, BancShares had $16.1 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 $15.6 million and $24.8 million at December 31, 2015 and December 31, 2014, respectively.