Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED

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OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2014
DisclosureOtherRealEstateOwnedAbstract  
Other Real Estate Owned

Note 6

OTHER REAL ESTATE OWNED

 

The following table presents other real estate owned activity as of December 31,

 

(Dollars in Thousands)   2014     2013     2012  
Beginning Balance   $ 48,071     $ 53,426     $ 62,600  
Additions     15,271       24,488       22,777  
Valuation Write-Downs     (3,142 )     (3,592 )     (3,336 )
Sales     (23,791 )     (25,940 )     (28,183 )
Other     (729 )     (311 )     (432 )
Ending Balance   $ 35,680     $ 48,071     $ 53,426  

 

Net expenses applicable to other real estate owned as of December 31, was as follows:

 

(Dollars in Thousands)   2014     2013     2012  
Gains from the Sale of Properties   $ (774 )   $ (1,306 )   $ (616 )
Losses from the Sale of Properties     2,094       2,287       3593  
Rental Income from Properties     (523 )     (293 )     (78 )
Property Carrying Costs     2,872       3,954       4,577  
Valuation Adjustments     3,142       3,592       3,336  
Total   $ 6,811     $ 8,234     $ 10,812