Foreclosed Assets

3 Months Ended

Mar. 31, 2013

Foreclosed Assets [Abstract]

Foreclosed Assets

Note 6 – Foreclosed Assets

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

	Three months ended March 31, 2013									Three months ended March 31, 2012
	Non covered			Covered			Total			Non covered			Covered			Total
Beginning balance, net	$	5,957		$	1,541		$	7,498		$	13,268		$	3,064		$	16,332
Additions/transfers from loans		5,473			263			5,736			1,694			225			1,919
Dispositions/sales		(6,816	)		(267	)		(7,083	)		(3,379	)		—			(3,379	)
Valuation adjustments		(27	)		—			(27	)		(83	)		—			(83	)
Ending balance, net	$	4,587		$	1,537		$	6,124		$	11,500		$	3,289		$	14,789
Ending valuation allowance	$	984		$	488		$	1,472		$	(977	)	$	(776	)	$	(1,753	)
Ending number of foreclosed assets		33			4			37			52			11			63
Proceeds from sale of foreclosed assets	$	7,354		$	280		$	7,635		$	3,021			—		$	3,021
Gain (loss) on sale of foreclosed assets	$	538		$	13		$	551		$	(358	)		—		$	(358	)