Foreclosed Assets

12 Months Ended

Dec. 31, 2011

Foreclosed Assets [Abstract]

Foreclosed Assets

Note 6 – Foreclosed Assets

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

	Year ended December 31, 2011									Year ended December 31, 2010
	Noncovered			Covered			Total			Noncovered			Covered			Total
Beginning balance, net	$	5,000		$	4,913		$	9,913		$	3,726			—		$	3,726
Acquisitions		8,412			—			8,412			—		$	4,629			4,629
Additions/transfers from loans		6,909			34			6,943			6,476			1,214			7,690
Dispositions/sales		(5,794	)		(1,158	)		(6,952	)		(4,305	)		(305	)		(4,610	)
Valuation adjustments		(1,259	)		(725	)		(1,984	)		(897	)		(625	)		(1,522	)
Ending balance, net	$	13,268		$	3,064		$	16,332		$	5,000		$	4,913		$	9,913
Ending valuation allowance	$	(1,570	)	$	(776	)	$	(2,346	)	$	(699	)	$	(625	)	$	(1,324	)
Ending number of foreclosed assets		62			11			73			31			13			44
Proceeds from sale of foreclosed assets	$	6,368		$	1,264		$	7,632		$	4,866		$	306		$	5,172
Gain (loss) on sale of foreclosed assets	$	574		$	106		$	680		$	561		$	1		$	562