Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

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OTHER REAL ESTATE OWNED (Tables)
 6 Months Ended
Jun. 30, 2015
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 June 30,   Six Months Ended June 30,
(Dollars in Thousands)   2015   2014   2015   2014
Beginning Balance   $ 33,835     $ 44,036     $ 35,680     $ 48,071  
Additions     1,088       7,977       2,830       9,267  
Valuation Write-downs     (505 )     (822 )     (1,306 )     (1,552 )
Sales     (4,026 )     (8,612 )     (6,763 )     (13,207 )
Other     (225 )     —         (274 )     —    
Ending Balance   $ 30,167     $ 42,579     $ 30,167     $ 42,579  

 
Schedule of net expenses

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

 

    Three Months Ended June 30,   Six Months Ended June 30,
(Dollars in Thousands)   2015   2014   2015   2014
Gains from the Sale of Properties   $ (534 )   $ (88 )   $ (655 )   $ (334 )
Losses from the Sale of Properties     348       808       658       1,164  
Rental Income from Properties     (43 )     (62 )     (231 )     (275 )
Property Carrying Costs     655       795       1,350       1,567  
Valuation Adjustments     505       823       1,306       1,553  
Total   $ 931     $ 2,276     $ 2,428     $ 3,675