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Other Real Estate Owned and Bank Premises Held for Sale

6 Months Ended

Jun. 30, 2021

Other Real Estate Owned and Bank Premises Held for Sale

Other Real Estate Owned and Bank Premises Held for Sale

Note 8 — Other Real Estate Owned and Bank Premises Held for Sale

The following is a summary of information pertaining to OREO and Bank Premises Held for Sale:


	Six Months Ended June 30,
(Dollars in thousands)	2021
Balance, December 31, 2020	$	47,920
Measurement period adjustment pertaining to CSFL acquisition		(1,226)
Additions		4,160
Writedowns		(645)
Sold		(24,933)
Balance, June 30, 2021	$	25,276
Other Real Estate Owned at June 30, 2021		5,039
Bank Premises Held for Sale at June 30, 2021	$	20,237

	Six Months Ended June 30,
	2020
Balance, December 31, 2019	$	11,964
Acquired in the CSFL acquisition		28,379
Additions		6,505
Writedowns		(350)
Sold		(2,941)
Balance, June 30, 2020	$	43,557
Other Real Estate Owned at June 30, 2020		18,016
Bank Premises Held for Sale at June 30, 2020	$	25,541

At June 30, 2021, there were a total of 24 properties included in OREO compared to 42 properties at December 31, 2020. At June 30, 2021, there were a total of 22 properties included in bank premises held for sale which compares to 33 properties included in premises held for sale, at December 31, 2020. During the second quarter of 2020, a reclassification was made so that bank property held for sale is now separately disclosed on the balance sheet. At June 30, 2021, we had $433,000 in residential real estate included in OREO and $4.4 million in residential real estate consumer mortgage loans in the process of foreclosure.