Foreclosed Assets

9 Months Ended

Sep. 30, 2014

Text Block [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, 2014									Nine months ended September 30, 2013
	Noncovered			Covered			Total			Noncovered			Covered			Total
Beginning balance, net	$	5,588		$	674		$	6,262		$	5,957		$	1,541		$	7,498
Additions/transfers from loans		4,936			—			4,936			7,542			493			8,035
Dispositions/sales		(5,823	)		(142	)		(5,965	)		(10,004	)		(769	)		(10,773	)
Valuation adjustments		(125	)		(12	)		(137	)		(539	)		(81	)		(620	)
Ending balance, net	$	4,576		$	520		$	5,096		$	2,956		$	1,184		$	4,140
Ending valuation allowance	$	(169	)	$	(12	)	$	(181	)	$	(587	)	$	(340	)	$	(927	)
Ending number of foreclosed assets		23			2			25			26			5			31
Proceeds from sale of foreclosed assets	$	7,650		$	168		$	7,818		$	11,383		$	869		$	12,252
Gain on sale of foreclosed assets	$	1,827		$	26		$	1,853		$	1,379		$	100		$	1,479