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Other Real Estate Owned | 9 Months Ended
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Sep. 30, 2020
Other Real Estate [Abstract] |
Other Real Estate Owned | Note 12 – Other real estate owned The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters and nine months ended September 30, 2020 and 2019.
|  | For the quarter ended September 30, 2020
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 16,482 | $ | 97,458 | $ | 113,940
Write-downs in value |  | (160) |  | (843) |  | (1,003)
Additions |  | 41 |  | 1,467 |  | 1,508
Sales |  | (1,385) |  | (12,416) |  | (13,801)
Other adjustments |  | (56) |  | 4 |  | (52)
Ending balance | $ | 14,922 | $ | 85,670 | $ | 100,592
|  | For the quarter ended September 30, 2019
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 18,548 | $ | 100,303 | $ | 118,851
Write-downs in value |  | (348) |  | (745) |  | (1,093)
Additions |  | 1,080 |  | 16,572 |  | 17,652
Sales |  | (2,069) |  | (15,182) |  | (17,251)
Other adjustments |  | - |  | (231) |  | (231)
Ending balance | $ | 17,211 | $ | 100,717 | $ | 117,928
|  | For the nine months ended September 30, 2020
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 16,959 | $ | 105,113 | $ | 122,072
Write-downs in value |  | (1,474) |  | (2,414) |  | (3,888)
Additions |  | 2,161 |  | 17,716 |  | 19,877
Sales |  | (2,668) |  | (34,845) |  | (37,513)
Other adjustments |  | (56) |  | 100 |  | 44
Ending balance | $ | 14,922 | $ | 85,670 | $ | 100,592
|  | For the nine months ended September 30, 2019
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 21,794 | $ | 114,911 | $ | 136,705
Write-downs in value |  | (1,327) |  | (3,896) |  | (5,223)
Additions |  | 4,259 |  | 41,042 |  | 45,301
Sales |  | (7,515) |  | (50,742) |  | (58,257)
Other adjustments |  | - |  | (598) |  | (598)
Ending balance | $ | 17,211 | $ | 100,717 | $ | 117,928

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- References No definition available. + Details
Name: | us-gaap_OtherRealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522 + Details
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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Period Type: | duration