Non-covered Other Real Estate Owned

6 Months Ended

Jun. 30, 2011

Non-covered Other Real Estate Owned

Non-covered Other Real Estate Owned

Note 8 – Non-covered Other Real Estate Owned

The following table presents the changes in non-covered other real estate owned ("OREO") for the three and six months ended June 30, 2011 and 2010:

(in thousands)

	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Balance, beginning of period	$	34,512		$	18,872		$	32,791		$	24,566
Additions to OREO		15,419			11,888			25,322			17,895
Dispositions of OREO		(12,134	)		(4,293	)		(18,186	)		(15,087	)
Valuation adjustments in the period		(3,388	)		(814	)		(5,518	)		(1,721	)
Balance, end of period	$	34,409		$	25,653		$	34,409		$	25,653