Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

v2.4.0.8
OTHER REAL ESTATE OWNED (Tables)
 6 Months Ended
Jun. 30, 2014
Other Real Estate Owned Tables  
Activity of other real estate owned

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)   2014   2013   2014   2013
Beginning Balance   $ 44,036     $ 58,421     $ 48,071     $ 53,426  
Additions     7,977       4,355       9,267       17,334  
Valuation Write-downs     (822 )     (1,060 )     (1,552 )     (2,205 )
Sales     (8,612 )     (6,629 )     (13,207 )     (13,369 )
Other     —         —         —         (99 )
Ending Balance   $ 42,579     $ 55,087     $ 42,579     $ 55,087  
Activity of net expenses other real estate owned

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

 

    Three Months Ended June 30,   Six Months Ended June 30,
(Dollars in Thousands)   2014   2013   2014   2013
Gains from the Sale of Properties   $ (88 )   $ (118 )   $ (334 )   $ (178 )
Losses from the Sale of Properties     808       491       1,165       1,289  
Rental Income from Properties     (60 )     (111 )     (275 )     (127 )
Property Carrying Costs     794       968       1,567       1,926  
Valuation Adjustments     822       1,060       1,552       2,205  
Total   $ 2,276     $ 2,290     $ 3,675     $ 5,115