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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
Other Real Estate Owned
OTHER REAL ESTATE OWNED (OREO)

The following table explains changes in other real estate owned during 2016 and 2015.
(Dollars in thousands)
Covered
 
Noncovered
 
Total
Balance at January 1, 2015
$
22,982

 
$
70,454

 
$
93,436

Additions
7,357

 
47,866

 
55,223

Sales
(19,629
)
 
(56,853
)
 
(76,482
)
Write-downs
(1,478
)
 
(5,140
)
 
(6,618
)
Transfers (1)
(2,415
)
 
2,415

 
—

Balance at December 31, 2015
6,817

 
58,742

 
65,559

Additions
4,888

 
30,384

 
35,272

Additions acquired in the Cordia acquisition
—

 
1,170

 
1,170

Additions acquired in the FCSB acquisition
—

 
375

 
375

Sales
(937
)
 
(33,241
)
 
(34,178
)
Write-downs
(580
)
 
(6,387
)
 
(6,967
)
Transfers (1)
(9,716
)
 
9,716

 
—

Balance at December 31, 2016
$
472

 
$
60,759

 
$
61,231

(1) Transfers include OREO balances associated with expired or terminated shared-loss agreements.
At December 31, 2016 and December 31, 2015, BancShares had $15.0 million and $16.1 million, respectively, of foreclosed residential real estate property in OREO. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure totaled $21.8 million and $15.6 million at December 31, 2016 and December 31, 2015, respectively.