Other real estate owned

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2021 and 2020.

		For the quarter ended September 30, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	14,581	$	58,691	$	73,272
Write-downs in value		(522)		(245)		(767)
Additions		1,693		17,395		19,088
Sales		(1,734)		(12,588)		(14,322)
Other adjustments		217		(660)		(443)
Ending balance	$	14,235	$	62,593	$	76,828

		For the quarter ended September 30, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	16,482	$	97,458	$	113,940
Write-downs in value		(160)		(843)		(1,003)
Additions		41		1,467		1,508
Sales		(1,385)		(12,416)		(13,801)
Other adjustments		(56)		4		(52)
Ending balance	$	14,922	$	85,670	$	100,592

		For the nine months ended September 30, 2021
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	13,214	$	69,932	$	83,146
Write-downs in value		(986)		(1,764)		(2,750)
Additions		7,668		36,335		44,003
Sales		(6,059)		(40,967)		(47,026)
Other adjustments		398		(943)		(545)
Ending balance	$	14,235	$	62,593	$	76,828

		For the nine months ended September 30, 2020
		OREO		OREO
(In thousands)		Commercial/Construction		Mortgage		Total
Balance at beginning of period	$	16,959	$	105,113	$	122,072
Write-downs in value		(1,474)		(2,414)		(3,888)
Additions		2,161		17,716		19,877
Sales		(2,668)		(34,845)		(37,513)
Other adjustments		(56)		100		44
Ending balance	$	14,922	$	85,670	$	100,592