Foreclosed Assets

9 Months Ended

Sep. 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):

	Nine months ended September 30, 2011									Nine months ended September 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		14,051			—			14,051			5,826		$	5,249			11,075
Dispositions/sales		(3,855	)		(846	)		(4,701	)		(2,139	)		(305	)		(2,444	)
Valuation adjustments		(799	)		(594	)		(1,393	)		(560	)		(625	)		(1,185	)
Ending balance, net	$	14,397		$	3,473		$	17,870		$	6,853		$	4,319		$	11,172
Ending valuation allowance	$	(1,169	)	$	(740	)	$	(1,909	)	$	(746	)	$	(625	)	$	(1,371	)
Ending number of foreclosed assets		70			11			81			31			11			42
Proceeds from sale of foreclosed assets	$	4,189		$	979		$	5,168		$	2,543		$	310		$	2,853
Gain (loss) on sale of foreclosed assets	$	334		$	133		$	467		$	404		$	5		$	409