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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2020
Other Real Estate [Abstract]  
Other Real Estate Owned
OTHER REAL ESTATE OWNED

The following table explains changes in other real estate owned (“OREO”) for the years ended December 31, 2020 and 2019.
(Dollars in thousands)20202019
Balance at January 1$46,591 $48,030 
Additions26,822 21,684 
Acquired in business combinations9,813 5,459 
Sales(26,726)(24,432)
Write-downs/losses(5,610)(4,150)
Balance at December 3150,890 46,591 
At December 31, 2020 and 2019, BancShares had $5.8 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 $29.4 million and $23.0 million at December 31, 2020, and 2019, respectively. Gains recorded on the sale of OREO were $1.6 million and $1.5 million for the years ended December 31, 2020 and 2019, respectively.