Changes in Noncovered Other Real Estate Owned

9 Months Ended

Sep. 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 nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(in thousands)
Noncovered OREO:
Balance at beginning of period	$	15,203		$	24,339		$	23,834		$	10,676
Established through acquisitions	—			—			—			14,708
Transfers in, net of write-downs ($0, $48, $0 and $90, respectively)	475			4,413			2,809			9,190
Additional OREO write-downs	(630		)	(1,066		)	(2,195		)	(1,636		)
Proceeds from sale of OREO property	(6,229		)	(4,673		)	(16,527		)	(10,295		)
Gain on sale of OREO, net	1,496			530			2,394			900
Total noncovered OREO at end of period	$	10,315		$	23,543		$	10,315		$	23,543