8.	*Foreclosed Real Estate and Repossessed Personal Property*

Composition

The following table summarizes foreclosed real estate and repossessed personal property at the dates indicated (in thousands).


	June 30, 2011		December 31, 2010
Foreclosed real estate	$	15,267	$	19,983
Repossessed personal property		67		104

Total foreclosed real estate and repossessed personal property	$	15,334	$	20,087

Foreclosed Real Estate Activity

The following table summarizes the changes in the foreclosed real estate portfolio at the dates and for the periods indicated (in thousands). Foreclosed real estate is net of participations sold of $3.3 million and $10.5 million at June 30, 2011 and June 30, 2010, respectively.


	At and for the three months ended June 30,						At and for the six months ended June 30,
	2011			2010			2011			2010
Foreclosed real estate, beginning of period	$	16,244		$	28,867		$	19,983		$	27,826
Plus: New foreclosed real estate		1,648			4,204			5,412			8,097
Less: Proceeds from sale of foreclosed real estate		(1,469	)		(4,244	)		(8,457	)		(6,297	)
Less: Gain on sale of foreclosed real estate		5			11			86			282
Less: Provision charged to expense		(1,161	)		(2,317	)		(1,757	)		(3,387	)

Foreclosed real estate, end of period	$	15,267		$	26,521		$	15,267		$	26,521

At July 21, 2011, eight additional properties with an aggregate net carrying amount of $2.7 million were under contract for sale to close in the third quarter of 2011.