Foreclosed Assets

6 Months Ended

Jun. 30, 2012

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, 2012									Six months ended June 30, 2011
	Noncovered			Covered			Total			Noncovered			Covered			Total
Beginning balance, net	$	13,268		$	3,064		$	16,332		$	5,000		$	4,913		$	9,913
Additions/transfers from loans		4,875			633			5,508			4,271			—			4,271
Dispositions/sales		(7,371	)		(639	)		(8,010	)		(2,914	)		(846	)		(3,760	)
Valuation adjustments		(626	)		(461	)		(1,087	)		(493	)		(594	)		(1,087	)
Ending balance, net	$	10,146		$	2,597		$	12,743		$	5,864		$	3,473		$	9,337
Ending valuation allowance	($	1,359	)	($	954	)	($	2,313	)	($	896	)	($	740	)	($	1,636	)
Ending number of foreclosed assets		53			9			62			47			11			58
Proceeds from sale of foreclosed assets	$	7,272		$	683		$	7,955		$	3,167		$	978		$	4,145
Gain (loss) on sale of foreclosed assets	$	(99	)	$	44		$	(55	)	$	253		$	132		$	385