Non-Covered Other Real Estate Owned, Net

6 Months Ended

Jun. 30, 2012

Non-Covered Other Real Estate Owned, Net [Abstract]

Non-Covered Other Real Estate Owned, Net

Note 7 – Non-covered Other Real Estate Owned, Net

The following table presents the changes in non-covered other real estate owned (“OREO”) for the three and six months ended June 30, 2012 and 2011:

(in thousands)
	Three months ended				Six months ended
	June 30,				June 30,
	2012		2011		2012		2011
Balance, beginning of period	$	34,306	$	34,512	$	34,175	$	32,791
Additions to OREO		1,784		15,419		8,993		25,322
Dispositions of OREO		(8,010)		(12,134)		(11,565)		(18,186)
Valuation adjustments in the period		(1,196)		(3,388)		(4,719)		(5,518)
Balance, end of period	$	26,884	$	34,409	$	26,884	$	34,409