Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

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OTHER REAL ESTATE OWNED (Tables)
 9 Months Ended
Sep. 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 September 30,   Nine Months Ended September 30,
(Dollars in Thousands)   2015   2014   2015   2014
Beginning Balance   $ 30,167     $ 42,579     $ 35,680     $ 48,071  
Additions     1,242       2,854       4,072       12,121  
Valuation Write-downs     (269 )     (664 )     (1,575 )     (2,216 )
Sales     (5,921 )     (2,693 )     (12,684 )     (15,900 )
Other     —         (350 )     (274 )     (350 )
Ending Balance   $ 25,219     $ 41,726     $ 25,219     $ 41,726  
Schedule of net expenses

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

 

    Three Months Ended September 30,   Nine Months Ended September 30,
(Dollars in Thousands)   2015   2014   2015   2014
Gains from the Sale of Properties   $ (31 )   $ (107 )   $ (686 )   $ (441 )
Losses from the Sale of Properties     591       483       1,249       1,648  
Rental Income from Properties     (13 )     (81 )     (244 )     (356 )
Property Carrying Costs     486       824       1,836       2,391  
Valuation Adjustments     269       664       1,575       2,216  
Total   $ 1,302     $ 1,783     $ 3,730     $ 5,458