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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Other Real Estate Owned
OTHER REAL ESTATE OWNED (“OREO”)

The following table explains changes in other real estate owned during 2019 and 2018.
(Dollars in thousands)
OREO
Balance at January 1, 2018
$
51,097

Additions
24,997

Acquired in business combinations
4,454

Sales
(28,128
)
Write-downs/losses
(4,390
)
Balance at December 31, 2018
48,030

Additions
21,684

Acquired in business combinations
5,459

Sales
(24,432
)
Write-downs/losses
(4,150
)
Balance at December 31, 2019
$
46,591


At December 31, 2019 and 2018, BancShares had $14.5 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 $23.0 million and $22.0 million at December 31, 2019, and 2018, respectively. Gains recorded on the sale of OREO were $1.5 million and $1.2 million for the years ended December 31, 2019 and 2018, respectively.