Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2018

Other Real Estate

Other Real Estate Owned Roll Forward [Table Text Block]

		For the quarter ended June 30, 2018
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	25,635	$	127,426	$	15,333	$	168,394
Write-downs in value		(748)		(4,025)		-		(4,773)
Additions		2,638		2,546		-		5,184
Sales		(2,234)		(24,450)		-		(26,684)
Other adjustments		(29)		(29)		-		(58)
Transfer to non-covered status[1]		-		15,333		(15,333)		-
Ending balance	$	25,262	$	116,801	$	-	$	142,063
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the Termination Agreement of all shared-loss agreements with the Federal Deposit Insurance Corporation related to loans acquired from Westernbank, that was completed on May 22, 2018.

		For the six months ended June 30, 2018
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	21,411	$	147,849	$	19,595	$	188,855
Write-downs in value		(1,402)		(6,539)		(287)		(8,228)
Additions		7,041		5,530		-		12,571
Sales		(2,623)		(44,755)		(3,282)		(50,660)
Other adjustments		835		(617)		(693)		(475)
Transfer to non-covered status[1]		-		15,333		(15,333)		-
Ending balance	$	25,262	$	116,801	$	-	$	142,063
[1] Represents the reclassification of OREOs to the non-covered category, pursuant to the Termination Agreement of all shared-loss agreements with the Federal Deposit Insurance Corporation related to loans acquired from Westernbank, that was completed on May 22, 2018.

		For the quarter ended June 30, 2017
		Non-covered		Non-covered		Covered
		OREO		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Mortgage		Total
Balance at beginning of period	$	22,554	$	163,282	$	29,926	$	215,762
Write-downs in value		(720)		(9,104)		(1,974)		(11,798)
Additions		3,084		24,662		4,106		31,852
Sales		(971)		(22,474)		(5,392)		(28,837)
Other adjustments		2		781		(1,316)		(533)
Ending balance	$	23,949	$	157,147	$	25,350	$	206,446

		For the six months ended June 30, 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		(1,979)		(11,859)		(2,746)		(16,584)
Additions		7,622		50,916		8,215		66,753
Sales		(1,964)		(42,883)		(10,789)		(55,636)
Other adjustments		(131)		929		(1,458)		(660)
Ending balance	$	23,949	$	157,147	$	25,350	$	206,446