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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2020
Banking and Thrift [Abstract]  
Other Real Estate Owned
NOTE F - OTHER REAL ESTATE OWNED
The following table explains changes in OREO during the three months ended March 31, 2020 and 2019:
(Dollars in thousands)
OREO
Balance at December 31, 2019
$
46,591

Additions
5,987

Acquired in business combinations
9,813

Sales
(5,321
)
Write-downs/losses
(1,363
)
Balance at March 31, 2020
$
55,707

 
 
Balance at December 31, 2018
$
48,030

Additions
3,133

Sales
(6,934
)
Write-downs/losses
(923
)
Balance at March 31, 2019
$
43,306


At March 31, 2020 and December 31, 2019, BancShares had $13.1 million and $14.5 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 $22.0 million and $23.0 million at March 31, 2020 and December 31, 2019, respectively. Net losses recorded on the sale of OREO properties were $56 thousand for the three months ended March 31, 2020. Net gains recorded on the sale of OREO were $496 thousand for the three months ended March 31, 2019.