Foreclosed Real Estate and Repossessed Personal Property (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Foreclosed Real Estate and Repossessed Personal Property

The following table summarizes foreclosed real estate and repossessed personal property at the dates indicated (in thousands). Repossessed personal property is included in Other assets in the Consolidated Balance Sheets.

	September 30, 2012		December 31, 2011
Foreclosed real estate	$	11,609	$	27,663
Repossessed personal property		39		161
Total foreclosed real estate and repossessed personal property	$	11,648	$	27,824

Changes in Foreclosed Real Estate Portfolio

The following table summarizes changes in foreclosed real estate at the dates and for the periods indicated (in thousands). Foreclosed real estate is net of participations sold of $320 thousand and $5.4 million at September 30, 2012 and December 31, 2011, respectively.

	At and for the three months ended September 30,						At and for the nine months ended September 30,
	2012			2011			2012			2011
Foreclosed real estate, beginning of period	$	14,683		$	15,267		$	27,663		$	19,983
Plus: New foreclosed real estate		139			6,302			4,300			11,714
Less: Proceeds from sale of foreclosed real estate		(2,674	)		(3,830	)		(11,738	)		(12,287	)
Plus: Gain (loss) on sale of foreclosed real estate		222			(131	)		540			(45	)
Less: Writedowns and losses charged to expense		(761	)		(2,912	)		(9,156	)		(4,669	)
Foreclosed real estate, end of period	$	11,609		$	14,696		$	11,609		$	14,696