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Other Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Changes in Other Real Estate Owned
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.