Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.4.0.3
OTHER REAL ESTATE OWNED (Tables)
 3 Months Ended
Mar. 31, 2016
Other Real Estate Owned Tables  
Schedule of other real estate owned activity

The following table presents other real estate owned activity for the periods indicated.

 

    Three Months Ended March 31,
(Dollars in Thousands)   2016   2015
Beginning Balance   $ 19,290     $ 35,680  
Additions     1,201       1,742  
Valuation Write-downs     (835 )     (801 )
Sales     (2,206 )     (2,737 )
Other     —         (49 )
Ending Balance   $ 17,450     $ 33,835  
Schedule of net expenses

Net expenses applicable to other real estate owned include the following:

 

    Three Months Ended March 31,
(Dollars in Thousands)   2016   2015
Gains from the Sale of Properties   $ (129 )   $ (121 )
Losses from the Sale of Properties     369       310  
Rental Income from Properties     —         (188 )
Property Carrying Costs     350       695  
Valuation Adjustments     835       801  
Total   $ 1,425     $ 1,497