Other Real Estate Owned

3 Months Ended

Mar. 31, 2020

Other Real Estate [Abstract]

Other Real Estate Owned

Note 12 – Other real estate ownedThe following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31, 2020 and 2019.

		For the quarter ended March 31, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	16,959	$	105,113	$	122,072
Write-downs in value		(509)		(900)		(1,409)
Additions		2,120		15,407		17,527
Sales		(1,033)		(13,340)		(14,373)
Other adjustments		-		105		105
Ending balance	$	17,537	$	106,385	$	123,922

		For the quarter ended March 31, 2019
		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