Other Real Estate Owned

3 Months Ended

Mar. 31, 2019

Other Real Estate [Abstract]

Other Real Estate Owned

Note 13 – Other real estate owned

The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31,2019and 2018.

		For the quarter ended March 31, 2019
		Non-covered		Non-covered
		OREO		OREO
(In thousands)		Commercial/ Construction		Mortgage		Total
Balance at beginning of period	$	21,794	$	114,911	$	136,705
Write-downs in value		(571)		(1,610)		(2,181)
Additions		1,170		7,764		8,934
Sales		(1,514)		(16,333)		(17,847)
Other adjustments		-		(133)		(133)
Ending balance	$	20,879	$	104,599	$	125,478

		For the quarter ended March 31, 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		(654)		(2,514)		(287)		(3,455)
Additions		4,403		2,984		-		7,387
Sales		(389)		(20,305)		(3,282)		(23,976)
Other adjustments		864		(588)		(693)		(417)
Ending balance	$	25,635	$	127,426	$	15,333	$	168,394