Foreclosed Assets

6 Months Ended

Jun. 30, 2011

Foreclosed Assets [Abstract]

Foreclosed Assets

Note 6 — Foreclosed Assets

A summary of the activity in the balance of foreclosed assets follows (in thousands):

	Six months ended June 30, 2011									Six months ended June 30, 2010
	Noncovered			Covered			Total			Noncovered			Covered			Total
Beginning balance, net	$	5,000		$	4,913		$	9,913		$	3,726			—		$	3,726
Additions/transfers from loans		4,271			—			4,271			3,788		$	4,629			8,417
Dispositions/sales		(2,914	)		(846	)		(3,760	)		(1,838	)		($305	)		(2,143	)
Valuation adjustments		(493	)		(594	)		(1,087	)		(55	)		—			(55	)
Ending balance, net	$	5,864		$	3,473		$	9,337		$	5,621		$	4,324		$	9,945
Ending valuation allowance		($896	)		($740	)		($1,636	)		($241	)		—			($241	)
Ending number of foreclosed assets		47			11			58			26			10			36
Proceeds from sale of foreclosed assets	$	3,167		$	978		$	4,145		$	2,192		$	305		$	2,497
Gain (loss) on sale of foreclosed assets	$	253		$	132		$	385		$	350			—		$	350