Other Real Estate Owned

3 Months Ended

Mar. 31, 2017

Other Real Estate

Other Real Estate Owned

Note 12 – Other real estate owned

The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31,2017and 2016.

		For the quarter ended March 31, 2017
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	20,401	$	160,044	$	32,128	$	212,573
Write-downs in value		(1,259)		(2,755)		(772)		(4,786)
Additions		4,538		26,254		4,109		34,901
Sales		(993)		(20,409)		(5,397)		(26,799)
Other adjustments		(133)		148		(142)		(127)
Ending balance	$	22,554	$	163,282	$	29,926	$	215,762

		For the quarter ended March 31, 2016
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	32,471	$	122,760	$	36,685	$	191,916
Write-downs in value		(1,717)		(2,016)		(500)		(4,233)
Additions		1,810		24,276		4,483		30,569
Sales		(1,595)		(8,500)		(3,649)		(13,744)
Other adjustments		(615)		(914)		(622)		(2,151)
Ending balance	$	30,354	$	135,606	$	36,397	$	202,357