Other Real Estate Owned and Repossessed Assets (Tables)

6 Months Ended

Jun. 30, 2017

Tabular disclosure of the changes in non-covered and covered other real estate on properties owned

Changes in other real estate owned and repossessed assets, included in interest receivable and other assets on the consolidated statements of financial position, were as follows:



(Dollars in thousands)	Other real estate owned			Repossessed assets
Balance at January 1, 2017	$	16,812		$	375
Other additions ⁽¹⁾	3,776			2,556
Net payments received	(202		)	—
Disposals	(5,976		)	(1,986		)
Write-downs	(773		)	—
Balance at June 30, 2017	$	13,637		$	945

Balance at January 1, 2016	$	9,716		$	219
Other additions ⁽¹⁾	2,155			1,215
Net payments received	(85		)	(764		)
Disposals	(3,230		)	(556		)
Write-downs	(230		)	—
Balance at June 30, 2016	$	8,326		$	114


(1)	Includes loans transferred to other real estate owned and other repossessed assets.

Schedule of income and expenses related to other real estate owned

Income and expenses related to other real estate owned and repossessed assets, recorded as a component of "Other expense" in the Consolidated Statements of Income, were as follows:



(Dollars in thousands)	Other real estate owned			Repossessed assets
For the three months ended June 30, 2017
Net gain (loss) on sale	$	768		$	(93	)
Write-downs	(504		)	—
Net operating expenses	(710		)	(3		)
Total	$	(446	)	$	(96	)
For the six months ended June 30, 2017
Net gain (loss) on sale	$	1,815		$	(171	)
Write-downs	(773		)	—
Net operating expenses	(1,218		)	(6		)
Total	$	(176	)	$	(177	)
For the three months ended June 30, 2016
Net gain (loss) on sale	$	1,320		$	708
Write-downs	(63		)	—
Net operating expenses	(260		)	1
Total	$	997		$	709
For the six months ended June 30, 2016
Net gain (loss) on sale	$	2,042		$	700
Write-downs	(230		)	—
Net operating expenses	(412		)	(3		)
Total	$	1,400		$	697