Other real estate obtained through foreclosure by national banks (commonly referred to as OREO (other real estate owned)) will be accounted for at the lesser of the “recorded investment in the loan satisfied” or the property’s value on the date of transfer. “Recorded investment in a loan satisfied” is defined as the unpaid balance of a loan, increased by accrued and uncollected interest, unamortized premium, and loan acquisition costs, if any, and decreased by previous direct write-downs, unamortized discount, and finance charges, if any.