Other Real Estate Owned

9 Months Ended

Sep. 30, 2019

Banking and Thrift [Abstract]

Real Estate Owned [Text Block]

NOTE F - OTHER REAL ESTATE OWNED (OREO)

The following table explains changes in OREO during the nine months ended September 30, 2019 and September 30, 2018:

(Dollars in thousands)	Total
Balance at December 31, 2018	$	48,030
Additions	15,426
Acquired in business combination	3,613
Sales	(17,595		)
Write-downs/losses	(3,221		)
Balance at September 30, 2019	$	46,253
Balance at December 31, 2017	$	51,097
Additions	17,013
Acquired in business combination	2,135
Sales	(23,488		)
Write-downs/losses	(3,156		)
Balance at September 30, 2018	$	43,601

At September 30, 2019 and December 31, 2018, BancShares had $16.4 million and $17.2 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 $21.1 million and $22.0 million at September 30, 2019 and December 31, 2018, respectively.