OTHER REAL ESTATE OWNED (OREO) (Tables)

3 Months Ended

Mar. 31, 2013

OTHER REAL ESTATE OWNED (OREO)

Summary of OREO by property type

	March 31, 2013						December 31, 2012
Property Type	Non-Covered OREO		Covered OREO		Total OREO		Non-Covered OREO		Covered OREO		Total OREO
	(In thousands)
Commercial real estate	$	791	$	7,292	$	8,083	$	1,684	$	11,635	$	13,319
Construction and land development		31,670		6,475		38,145		31,888		6,708		38,596
Multi-family		—		3,301		3,301		—		4,239		4,239
Single family residence		3,500		243		3,743		—		260		260
Total OREO, net	$	35,961	$	17,311	$	53,272	$	33,572	$	22,842	$	56,414

Schedule of roll forward of OREO, net of the valuation allowance

	Non-Covered OREO			Covered OREO			Total OREO
	(In thousands)
OREO Activity:
Balance, December 31, 2012	$	33,572		$	22,842		$	56,414
Foreclosures		3,500			1,480			4,980
Provision for losses		(92	)		(1,093	)		(1,185	)
Reductions related to sales		(1,019	)		(5,918	)		(6,937	)
Balance, March 31, 2013	$	35,961		$	17,311		$	53,272