OTHER REAL ESTATE OWNED (OREO) (Tables)

3 Months Ended

Mar. 31, 2014

OTHER REAL ESTATE OWNED (OREO)

Summary of OREO by property type

	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

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, 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