Other Real Estate Owned

9 Months Ended

Sep. 30, 2014

Other Real Estate Owned [Abstract]

Other Real Estate Owned

Note 6 – Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended						Nine Months Ended
	September 30						September 30
(in thousands)	2014			2013			2014			2013
Beginning balance of other real estate owned	$	33,062		$	43,632		$	39,188		$	47,537
New assets acquired		1,803			1,525			5,267			6,180
Capitalized costs		0			0			0			6
Fair value adjustments		(241	)		(182	)		(1,402	)		(1,958	)
Sale of assets		(1,877	)		(1,897	)		(10,306	)		(8,687	)
Ending balance of other real estate owned	$	32,747		$	43,078		$	32,747		$	43,078

Carrying costs and fair value adjustments associated with foreclosed properties for the three months ended September 30, 2014 and 2013 were $0.7 million and $0.9 million, respectively.  Carrying costs and fair value adjustments associated with foreclosed properties for the nine months ended September 30, 2014 and 2013 were $2.9 million and $3.9 million.