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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2016
Banking and Thrift [Abstract] |
Changes in other real estate owned | The following table explains changes in other real estate owned during the nine months ended September 30, 2016 and September 30, 2015.
(Dollars in thousands) | Covered |  | Noncovered |  | Total
Balance at December 31, 2014 | $ | 22,982 |  |  | $ | 70,454 |  |  | $ | 93,436 |
Additions | 6,202 |  |  | 38,022 |  |  | 44,224 |
Sales | (17,539 | ) |  | (46,612 | ) |  | (64,151 | )
Write-downs | (1,387 | ) |  | (2,263 | ) |  | (3,650 | )
Transfers (1) | (2,106 | ) |  | 2,106 |  |  | — |
Balance at September 30, 2015 | $ | 8,152 |  |  | $ | 61,707 |  |  | $ | 69,859 |
Balance at December 31, 2015 | $ | 6,817 |  |  | $ | 58,742 |  |  | $ | 65,559 |
Additions | 4,851 |  |  | 26,666 |  |  | 31,517 |
Additions acquired in the Cordia Bancorp, Inc. acquisition | — |  |  | 1,170 |  |  | 1,170 |
Additions acquired in the First CornerStone Bank acquisition | — |  |  | 375 |  |  | 375 |
Sales | (781 | ) |  | (23,402 | ) |  | (24,183 | )
Write-downs | (580 | ) |  | (4,894 | ) |  | (5,474 | )
Transfers (1) | (9,716 | ) |  | 9,716 |  |  | — |
Balance at September 30, 2016 | $ | 591 |  |  | $ | 68,373 |  |  | $ | 68,964 |
(1) Transfers include OREO balances associated with expired or terminated loss share agreements. At September 30, 2016 and December 31, 2015, BancShares had $14.8 million and $16.1 million, respectively, of foreclosed residential real estate property in OREO. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure was $20.7 million and $15.6 million at September 30, 2016 and December 31, 2015, respectively.

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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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