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Other Real Estate Owned and Property Acquired in Settlement of Loans (Tables)
6 Months Ended
Jun. 30, 2016
Repossessed Assets [Abstract]  
Schedule of Repossessed Assets
The following table summarizes OREO and property acquired in settlement of loans at the periods indicated:
(dollars in thousands)
 
June 30, 2016
 
December 31, 2015
Real estate acquired in settlement of loans
 
$
14,191

 
$
16,251

Property acquired in settlement of loans
 
245

 
332

Total property acquired in settlement of loans
 
$
14,436

 
$
16,583

Schedule of Activities of Real Estate Acquired through Foreclosure
The following table summarizes the changes in real estate acquired in settlement of loans at the periods indicated:
 
 
 
 
 
 
 
For Three Months Ended
(dollars in thousands)
 
June 30, 2016
 
June 30, 2015
Real estate acquired in settlement of loans, beginning of period
 
$
13,845

 
$
20,833

Plus: New real estate acquired in settlement of loans
 
2,143

 
938

Plus: Real estate acquired in BOGC acquisition
 

 

Less: Sales of real estate acquired in settlement of loans
 
(1,794
)
 
(1,663
)
Less: Write-downs and net loss on sales charged to expense
 
(3
)
 
(391
)
Real estate acquired in settlement of loans, end of period
 
$
14,191

 
$
19,717

 
 
For Six Months Ended
(dollars in thousands)
 
June 30, 2016
 
June 30, 2015
Real estate acquired in settlement of loans, beginning of period
 
$
16,251

 
$
20,122

Plus: New real estate acquired in settlement of loans
 
2,202

 
3,433

Less: Sales of real estate acquired in settlement of loans
 
(3,758
)
 
(3,153
)
Less: Write-downs and net loss on sales charged to expense
 
(504
)
 
(685
)
Real estate acquired in settlement of loans, end of period
 
$
14,191

 
$
19,717