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Other Real Estate Owned and Repossessed Assets (Tables)
 6 Months Ended
Jun. 30, 2018
Other Real Estate [Abstract]  
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, 2018
 
$
8,182

 
$
625

Transfers based on adoption of ASU 2014-09(1)
 
(189
)
 
—

Additions (2)
 
2,448

 
2,645

Net payments received
 
(139
)
 
—

Disposals
 
(4,642
)
 
(2,319
)
Write-downs
 
(783
)
 
—

Balance at June 30, 2018
 
$
4,877

 
$
951

 
 
 
 
 
Balance at January 1, 2017
 
$
16,812

 
$
375

Additions (2)
 
3,776

 
2,556

Net payments received
 
(202
)
 
—

Disposals
 
(5,976
)
 
(1,986
)
Write-downs
 
(773
)
 
—

Balance at June 30, 2017
 
$
13,637

 
$
945

(1) 
In accordance with the updates to Topic 606 adopted by the Corporation effective January 1, 2018, $1.1 million of other real estate owned sold with seller financing were reclassified on the Consolidated Statements of Financial Position to loans and the related $0.9 million of deferred gains were recognized in income as an adjustment to opening retained earnings. Refer to Note 1, Basis of Presentation and Significant Accounting Policies for further information.
(2) 
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" operating expenses 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, 2018
 
 

 
 

Net gain (loss) on sale
 
$
23

 
$
(60
)
Write-downs
 
(132
)
 
—

Net operating expenses
 
(318
)
 
(2
)
Total
 
$
(427
)
 
$
(62
)
For the six months ended June 30, 2018
 
 
 
 
Net gain (loss) on sale
 
$
779

 
$
(94
)
Write-downs
 
(783
)
 
—

Net operating expenses
 
(715
)
 
(3
)
Total
 
$
(719
)
 
$
(97
)
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
)