|
NOTE
5 OTHER REAL ESTATE OWNED
The following
table presents other real estate owned activity for the periods indicated.
| |
|
Three
Months Ended March 31, |
| (Dollars
in Thousands) |
|
2014 |
|
2013 |
| Beginning Balance |
|
$ |
48,071 |
|
|
$ |
53,426 |
|
| Additions |
|
|
1,290 |
|
|
|
12,979 |
|
| Valuation Write-downs |
|
|
(730 |
) |
|
|
(1,145 |
) |
| Sales |
|
|
(4,595 |
) |
|
|
(6,740 |
) |
| Other |
|
|
|
|
|
|
(99 |
) |
| Ending Balance |
|
$ |
44,036 |
|
|
$ |
58,421 |
|
Net expenses
applicable to other real estate owned include the following:
| |
|
Three
Months Ended March 31, |
| (Dollars
in Thousands) |
|
2014 |
|
2013 |
| Gains from the Sale of Properties |
|
$ |
(246 |
) |
|
$ |
(60 |
) |
| Losses from the Sale of Properties |
|
|
356 |
|
|
|
798 |
|
| Rental Income from Properties |
|
|
(213 |
) |
|
|
(17 |
) |
| Property Carrying Costs |
|
|
772 |
|
|
|
958 |
|
| Valuation Adjustments |
|
|
730 |
|
|
|
1,145 |
|
| Total |
|
$ |
1,399 |
|
|
$ |
2,824 |
|