Other Real Estate Owned and Repossessed Assets (Tables)

9 Months Ended

Sep. 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⁾	5,339			3,633
Net payments received	(582		)	—
Disposals	(10,180		)	(3,469		)
Write-downs	(1,323		)	—
Balance at September 30, 2017	$	10,066		$	539

Balance at January 1, 2016	$	9,716		$	219
Additions due to acquisitions	13,227			313
Other additions ⁽¹⁾	3,945			2,084
Net payments received	(171		)	(764		)
Disposals	(6,232		)	(1,231		)
Write-downs	(376		)	—
Balance at September 30, 2016	$	20,109		$	621


⁽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 September 30, 2017
Net gain (loss) on sale	$	388		$	(112	)
Write-downs	(550		)	—
Net operating expenses	(509		)	(1		)
Total	$	(671	)	$	(113	)
For the nine months ended September 30, 2017
Net gain (loss) on sale	$	2,203		$	(283	)
Write-downs	(1,323		)	—
Net operating expenses	(1,727		)	(8		)
Total	$	(847	)	$	(291	)
For the three months ended September 30, 2016
Net gain (loss) on sale	$	788		$	(5	)
Write-downs	(145		)	—
Net operating expenses	(176		)	(8		)
Total	$	467		$	(13	)
For the nine months ended September 30, 2016
Net gain on sale	$	2,830		$	696
Write-downs	(376		)	—
Net operating expenses	(588		)	(11		)
Total	$	1,866		$	685