Other Real Estate Owned

12 Months Ended

Dec. 31, 2012

Other Real Estate Owned [Abstract]

Other Real Estate Owned

7. Other Real Estate Owned

OREO properties acquired through foreclosure or deed-in-lieu of foreclosure are recorded at the fair value of the real estate, less costs to sell. Any write-down of the recorded investment in the related loan is charged to the allowance for loan losses upon transfer to OREO. Subsequent write-downs required for declines in value are recorded through a valuation allowance and charged to other non-interest expense. During 2012, the Company abandoned its plans to open a de novo branch facility due to the Branch Acquisition and transferred the property to OREO at $360,000.

Activity in OREO was as follows:

	2012			2011			2010
Balance at beginning of year	$	1,682		$	2,387		$	5,479
Additions		2,180			1,989			1,479
Disposals		(2,388	)		(2,506	)		(2,965	)
Write-downs		(161	)		(188	)		(1,606	)
Balance at end of year	$	1,313		$	1,682		$	2,387