Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED

v3.10.0.1
OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 30, 2018
OTHER REAL ESTATE OWNED [Abstract]  
OTHER REAL ESTATE OWNED
 
December 31, 2017
  
Residential
Mortgage
    
Consumer
Unsecured
    
Home
Equity
    
Consumer
Other
  
Performing
  
$
224,452
    
$
226
    
$
82,234
    
$
6,254
  
Nonperforming
    
---
      
---
      
---
      
---
  
Total
  
$
224,452
    
$
226
    
$
82,234
    
$
6,254
  

NOTE 4 – OTHER REAL ESTATE OWNED

Other real estate owned was as follows (dollars in thousands):


  
Nine
Months Ended
September 30,
2018
    
Year
Ended
December 31,
2017
    
Nine
Months Ended
September 30,
2017
  
Beginning balance
  
$
9,140
    
$
22,864
    
$
22,864
  
Additions, transfers from loans
    
293
      
120
      
60
  
Proceeds from sales of other real estate owned
    
(2,146
)
    
(7,034
)
    
(6,227
)
Valuation allowance reversal upon sale
    
(2,891
)
    
(7,367
)
    
(7,003
)
Gain / (loss) on sales of other real estate owned
    
(158
)
    
557
      
660
  
     
4,238
      
9,140
      
10,354
  
Less: valuation allowance
    
(773
)
    
(3,373
)
    
(3,693
)
Ending balance
  
$
3,465
    
$
5,767
    
$
6,661
  

Activity in the valuation allowance was as follows (dollars in thousands):


  
Nine
Months Ended
September 30,
2018
    
Nine
Months Ended
September 30,
2017
  
Beginning balance
  
$
3,373
    
$
10,611
  
Additions charged to expense
    
291
      
85
  
Reversals upon sale
    
(2,891
)
    
(7,003
)
Ending balance
  
$
773
    
$
3,693