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Foreclosed Real Estate
 6 Months Ended
Jun. 30, 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 and six-months periods ended June 30, 2018 and 2017:

Quarter Ended June 30, 2018
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$13,365$16,495$10,454$40,314
Decline in value(170)(478)(290)(938)
Additions1,7823,2751,8286,885
Sales (2,791)(1,801)(1,118)(5,710)
Other adjustments----
Balance at end of period$12,186$17,491$10,874$40,551
Quarter Ended June 30, 2017
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$13,468$21,534$12,549$47,551
Decline in value(844)(936)(522)(2,302)
Additions4,4453,5531,4939,491
Sales (1,228)(2,367)(810)(4,405)
Other adjustments-(113)-(113)
Balance at end of period$15,841$21,671$12,710$50,222

Six-Month Period Ended June 30, 2018
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$14,283$18,346$11,545$44,174
Decline in value(658)(1,514)(752)(2,924)
Additions3,2694,9251,94110,135
Sales (4,708)(4,266)(1,860)(10,834)
Balance at end of period$12,186$17,491$10,874$40,551
Six-Month Period Ended June 30, 2017
Originated and other loans and leases held for investmentAcquired BBVAPR loansAcquired Eurobank loansTotal
(In thousands)
Balance at beginning of period$12,389$21,379$13,751$47,519
Decline in value(1,081)(1,628)(1,270)(3,979)
Additions7,8567,0871,93216,875
Sales (3,239)(5,054)(1,703)(9,996)
Other adjustments(84)(113)-(197)
Balance at end of period$15,841$21,671$12,710$50,222

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.