Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.3.1.900
OTHER REAL ESTATE OWNED (Tables)
12 Months Ended
Dec. 31, 2015
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)   2015     2014     2013  
Beginning Balance   $ 35,680     $ 48,071     $ 53,426  
Additions     5,752       15,271       24,488  
Valuation Write-Downs     (1,713 )     (3,142 )     (3,592 )
Sales     (20,155 )     (23,791 )     (25,940 )
Other     (274 )     (729 )     (311 )
Ending Balance   $ 19,290     $ 35,680     $ 48,071  
Schedule of net expenses

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

 

(Dollars in Thousands)   2015     2014     2013  
Gains from the Sale of Properties   $ (938 )   $ (774 )   $ (1,306 )
Losses from the Sale of Properties     2,169       2,094       2,287  
Rental Income from Properties     (250 )     (523 )     (293 )
Property Carrying Costs     2,277       2,872       3,954  
Valuation Adjustments     1,713       3,142       3,592  
Total   $ 4,971     $ 6,811     $ 8,234