XML 31 R12.htm IDEA: XBRL DOCUMENT

Other Real Estate Owned

12 Months Ended

Dec. 31, 2011

6. Other Real Estate Owned

Other real estate owned was $1.2 million at December 31, 2011 and $34,000 at December 31, 2010. The following summarizes the activity in the other real estate owned for the years ended December 31:

	2011			2010
	(in thousands)

Balance, beginning of year	$	34		$	3,380
Additions – foreclosures	16,948			3,564
Sales	(15,579		)	(6,212		)
Write downs	(172		)	(698		)
Balance, end of year	$	1,231		$	34

- 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

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-Publisher SEC

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

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+ Details