Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED (Tables)

v2.4.1.9
OTHER REAL ESTATE OWNED (Tables)
12 Months Ended
Dec. 31, 2014
Other Real Estate Owned Tables  
Schedule of other real estate owned activity

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
Schedule of net expenses

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