Other real estate owned

3 Months Ended

Mar. 31, 2021

Other Real Estate [Abstract]

Other Real Estate Owned

Note 11 – Other real estate ownedThe following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31, 2021 and 2020.

		For the quarter ended March 31, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	13,214	$	69,932	$	83,146
Write-downs in value		(307)		(970)		(1,277)
Additions		3,850		1,873		5,723
Sales		(1,672)		(13,860)		(15,532)
Ending balance	$	15,085	$	56,975	$	72,060

		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