XML 76 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER REAL ESTATE OWNED (OREO)
 3 Months Ended
Mar. 31, 2014
OTHER REAL ESTATE OWNED (OREO)  
OTHER REAL ESTATE OWNED (OREO)

NOTE 7—OTHER REAL ESTATE OWNED (OREO)

        The following tables summarize OREO by property type at the dates indicated:

 
   March 31, 2014   December 31, 2013  
Property Type
  Non-Covered
OREO		   Covered
OREO		   Total
OREO		   Non-Covered
OREO		   Covered
OREO		   Total
OREO		  
 
   (In thousands)
  

Commercial real estate

   $ 10,050   $ 3,111   $ 13,161   $ 10,672   $ 5,081   $ 15,753  

Construction and land development

     30,464     2,218     32,682     31,950     3,113     35,063  

Multi-family

     —     835     835     —     835     835  

Single family residence

     179     13     192     179     7     186  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total OREO, net

   $ 40,693   $ 6,177   $ 46,870   $ 42,801   $ 9,036   $ 51,837  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

        The following table presents a rollforward of OREO, net of the valuation allowance, for the periods indicated:

 
   Non-Covered
OREO		   Covered
OREO		   Total
OREO		  
 
   (In thousands)
  

OREO Activity:

                    

Balance, December 31, 2013

   $ 42,801   $ 9,036   $ 51,837  

Foreclosures

     —     13     13  

Provision for losses

     —     (94 )   (94 )

Reductions related to sales

     (2,108 )   (2,778 )   (4,886 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance, March 31, 2014

   $ 40,693   $ 6,177   $ 46,870  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​