Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

v2.4.0.8
OTHER REAL ESTATE OWNED (Tables)
 9 Months Ended
Sep. 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 September 30,         Nine Months Ended September 30,  
(Dollars in Thousands)   2014     2013     2014     2013  
Beginning Balance   $ 42,579     $ 55,087     $ 48,071     $ 53,426  
Additions     2,854       3,697       12,121       21,030  
Valuation Write-downs     (664 )     (604 )     (2,216 )     (2,808 )
Sales     (2,693 )     (5,162 )     (15,900 )     (18,531 )
Other     (350 )     —       (350 )     (99 )
Ending Balance   $ 41,726     $ 53,018     $ 41,726     $ 53,018
Activity of net expenses other real estate owned

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

 

    Three Months Ended September 30,         Nine Months Ended September 30,  
(Dollars in Thousands)   2014     2013     2014     2013  
Gains from the Sale of Properties   $ (107 )   $ (280 )   $ (441 )   $ (458 )
Losses from the Sale of Properties     483       402       1,648       1,691  
Rental Income from Properties     (81 )     (39 )     (356 )     (167 )
Property Carrying Costs     824       1,181       2,391       3,107  
Valuation Adjustments     664       604       2,216       2,808  
Total   $ 1,783     $ 1,868     $ 5,458     $ 6,981