OTHER REAL ESTATE OWNED (Tables)

12 Months Ended

Dec. 31, 2012

The following table presents the activity in other real estate owned for the years ended December 31, 2012 and 2011:

	2012			2011
	(In Thousands)
Balance at beginning of year	$	173,805		$	133,412
Additions to foreclosed properties
New foreclosed property		32,389			125,234
Reductions in foreclosed properties
Sales		(81,220	)		(64,488	)
Writedowns		(21,726	)		(20,353	)
Balance at end of year	$	103,248		$	173,805

Other Real Estate Owned By Geographical Location, Segment and Class

Substantially all of these amounts related to construction, acquisition and development projects that were either completed or were in various stages of construction during the year presented. The following table presents the other real estate owned by geographical location and collateral type at December 31, 2012:

	Alabama								Greater
	and Florida								Memphis				Texas and
	Panhandle		Arkansas*		Mississippi*		Missouri		Area		Tennessee*		Louisiana		Other		Total
	(In thousands)
Commercial and industrial	$	395	$	-	$	106	$	-	$	-	$	-	$	-	$	-	$	501
Real estate
Consumer mortgages		1,714		173		2,220		-		961		624		760		3,665		10,117
Home equity		-		-		-		-		-		-		-		-		-
Agricultural		856		-		99		-		1,089		2,169		212		-		4,425
Commercial and industrial-owner occupied		155		146		1,602		-		2,630		66		146		-		4,745
Construction, acquisition and development		13,610		1,430		15,659		734		35,717		9,535		1,844		448		78,977
Commercial		478		1,420		3		263		819		76		176		-		3,235
All other		46		16		227		92		734		12		89		32		1,248
Total	$	17,254	$	3,185	$	19,916	$	1,089	$	41,950	$	12,482	$	3,227	$	4,145	$	103,248

*	Excludes the Greater Memphis Area