Foreclosed Assets

9 Months Ended

Sep. 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):

	Nine months ended September 30, 2012									Nine months ended September 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		5,657			633			6,290			14,051			—			14,051
Dispositions/sales		(10,073	)		(844	)		(10,917	)		(3,855	)		(846	)		(4,701	)
Valuation adjustments		(1,059	)		(461	)		(1,520	)		(799	)		(594	)		(1,393	)
Ending balance, net	$	7,793		$	2,392		$	10,185		$	14,397		$	3,473		$	17,870
Ending valuation allowance	$	(1,385	)	$	(846	)	$	(2,231	)	$	(1,169	)	$	(740	)	$	(1,909	)
Ending number of foreclosed assets		42			8			50			70			11			81
Proceeds from sale of foreclosed assets	$	10,271		$	1,010		$	11,281		$	4,189		$	979		$	5,168
Gain (loss) on sale of foreclosed assets	$	198		$	166		$	364		$	334		$	133		$	467