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Foreclosed Real Estate
 3 Months Ended
Mar. 31, 2018
Other Real Estate [Abstract]  
Real Estate Owned Text Block

NOTE 8 — FORECLOSED REAL ESTATE

The following tables present the activity related to foreclosed real estate for the quarters ended March 31, 2018 and 2017:

Quarter Ended March 31, 2018
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$14,283$18,347$11,544$44,174
Decline in value(488)(1,036)(462)(1,986)
Additions1,4871,6491133,249
Sales (1,917)(2,465)(741)(5,123)
Balance at end of period$13,365$16,495$10,454$40,314
Quarter Ended March 31, 2017
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$12,390$21,379$13,751$47,520
Decline in value(237)(693)(748)(1,678)
Additions3,4123,5344407,386
Sales (2,011)(2,687)(894)(5,592)
Other adjustments(85)--(85)
Balance at end of period$13,469$21,533$12,549$47,551

After hurricanes Irma and Maria in September 2017, management evaluated the potential impact these events brought to Oriental’s foreclosed real estate, considering the related underlying insurance coverage. Oriental has performed property inspections and taking into consideration all available information, the fair value of these properties was not materially impacted.