Changes in Noncovered Other Real Estate Owned

6 Months Ended

Jun. 30, 2014

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Changes in Noncovered Other Real Estate Owned

Changes in Noncovered Other Real Estate Owned (“OREO”)

The following tables set forth activity in noncovered OREO for the three and six months ended June 30, 2014 and 2013:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(in thousands)
Noncovered OREO:
Balance at beginning of period	$	15,841		$	11,916		$	23,834		$	10,676
Established through acquisitions	—			14,708			—			14,708
Transfers in, net of write-downs ($0, $11, $0 and $43, respectively)	2,090			2,067			2,334			4,777
Additional OREO write-downs	(636		)	(477		)	(1,565		)	(570		)
Proceeds from sale of OREO property	(2,196		)	(4,057		)	(10,298		)	(5,622		)
Gain on sale of OREO, net	104			182			898			370
Total noncovered OREO at end of period	$	15,203		$	24,339		$	15,203		$	24,339