Other Real Estate Owned

6 Months Ended

Jun. 30, 2020

Banking and Thrift [Abstract]

Other Real Estate Owned

NOTE F - OTHER REAL ESTATE OWNED

The following table explains changes in OREO during the six months ended June 30, 2020 and 2019:

(Dollars in thousands)	OREO
Balance at December 31, 2019	$	46,591
Additions	9,184
Acquired in business combinations	9,813
Sales	(9,497)
Write-downs/losses	(2,241)
Balance at June 30, 2020	$	53,850
Balance at December 31, 2018	$	48,030
Additions	7,894
Acquired in business combinations	3,613
Sales	(11,012)
Write-downs/losses	(2,289)
Balance at June 30, 2019	$	46,236

At June 30, 2020 and December 31, 2019, BancShares had $11.7 million and $14.5 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 $25.5 million and $23.0 million at June 30, 2020 and December 31, 2019, respectively. Net gains and losses recorded on the sale of OREO properties were losses of $234 thousand and gains of $872 thousand for the six months ended June 30, 2020 and June 30, 2019