Other Real Estate Owned

6 Months Ended

Jun. 30, 2019

Banking and Thrift [Abstract]

Real Estate Owned [Text Block]

NOTE F - OTHER REAL ESTATE OWNED (OREO)

The following table explains changes in OREO during the six months ended June 30, 2019 and June 30, 2018:

(Dollars in thousands)	Total
Balance at December 31, 2018	$	48,030
Additions	7,894
Acquired	3,613
Sales	(11,012		)
Write-downs	(2,289		)
Balance at June 30, 2019	$	46,236
Balance at December 31, 2017	$	51,097
Additions	11,868
Acquired	2,135
Sales	(15,769		)
Write-downs	(2,698		)
Balance at June 30, 2018	$	46,633

At June 30, 2019 and December 31, 2018, BancShares had $17.7 million and $17.2 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 was $22.8 million and $22.0 million at June 30, 2019 and December 31, 2018, respectively.