Non-Covered Other Real Estate Owned, Net

3 Months Ended

Mar. 31, 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 months ended March 31, 2012 and 2011:

(in thousands)

	Three months ended March 31,
	2012			2011
Balance, beginning of period	$	34,175		$	32,791
Additions to OREO		7,209			9,903
Dispositions of OREO		(3,555	)		(6,052	)
Valuation adjustments in the period		(3,523	)		(2,130	)
Balance, end of period	$	34,306		$	34,512