Other Real Estate Owned

12 Months Ended

Dec. 31, 2017

Banking and Thrift [Abstract]

Other Real Estate Owned

NOTE 6 – OTHER REAL ESTATE OWNED

The following table presents activity in other real estate owned for the years ended December 31, 2017 and 2016:

	Years Ended December 31,
(dollars in thousands)	2017			2016
Balance at beginning of period	$	18,546		$	12,498
Additions (1)		4,016			24,998
Sales		(11,160	)		(15,092	)
Impairment		(2,592	)		(3,858	)
Balance at end of period (2)	$	8,810		$	18,546

(1) Additions in 2017 include other real estate owned of $1.1 million acquired from Anchor (MN) in November 2017. Additions in 2016 include other real estate owned of $17.3 million acquired from Anchor (WI) in May 2016.

(2) Includes repossessed personal property of $0.3 million at December 31, 2017 and $0.3 million at December 31, 2016.

At December 31, 2017, foreclosed residential real estate property included in the table above totaled $1.6 million. At December 31, 2017, consumer mortgage loans collateralized by residential real property that were in the process of foreclosure totaled $5.2 million.