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Other Real Estate Owned (Tables)
 9 Months Ended
Sep. 30, 2016
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, 2016 and September 30, 2015.
(Dollars in thousands)
Covered
 
Noncovered
 
Total
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
)
Write-downs
(1,387
)
 
(2,263
)
 
(3,650
)
Transfers (1)
(2,106
)
 
2,106

 
—

Balance at September 30, 2015
$
8,152

 
$
61,707

 
$
69,859

 
 
 
 
 
 
Balance at December 31, 2015
$
6,817

 
$
58,742

 
$
65,559

Additions
4,851

 
26,666

 
31,517

Additions acquired in the Cordia Bancorp, Inc. acquisition
—

 
1,170

 
1,170

Additions acquired in the First CornerStone Bank acquisition
—

 
375

 
375

Sales
(781
)
 
(23,402
)
 
(24,183
)
Write-downs
(580
)
 
(4,894
)
 
(5,474
)
Transfers (1)
(9,716
)
 
9,716

 
—

Balance at September 30, 2016
$
591

 
$
68,373

 
$
68,964


(1) Transfers include OREO balances associated with expired or terminated loss share agreements.
At September 30, 2016 and December 31, 2015, BancShares had $14.8 million and $16.1 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 was $20.7 million and $15.6 million at September 30, 2016 and December 31, 2015, respectively.