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Other Real Estate Owned
12 Months Ended
Dec. 31, 2011
Real Estate and Accumulated Depreciation Disclosure [Abstract]  
OTHER REAL ESTATE OWNED

5. OTHER REAL ESTATE OWNED

The following table summarizes the activity related to Other Real Estate Owned for the years ended December 31, 2011 and 2010:

 

 

                         
    Non-Covered     Covered     Total  
    (Dollars in thousands)  

2011:

                       

Balance, beginning of period

  $ 5,290     $ 11,305     $ 16,595  

Acquisitions

    —         —         —    

Additions

    16,081       16,250       32,331  

Dispositions

    (6,896     (13,289     (20,185

Valuation adjustments

    (655     (4,484     (5,139
   

 

 

   

 

 

   

 

 

 

Balance, end of period

  $ 13,820     $ 9,782     $ 23,602  
   

 

 

   

 

 

   

 

 

 

2010:

                       

Balance, beginning of period

  $ 3,936     $ 5,565     $ 9,501  

Acquisitions

    —         —         —    

Additions

    16,950       13,147       30,097  

Dispositions

    (11,484     (5,490     (16,974

Valuation adjustments

    (4,112     (1,917     (6,029
   

 

 

   

 

 

   

 

 

 

Balance, end of period

  $ 5,290     $ 11,305     $ 16,595