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Other Real Estate Owned
12 Months Ended
Dec. 31, 2011
Other Real Estate Owned  
Other Real Estate Owned

Note 7—Other Real Estate Owned

        The following is a summary of information pertaining to OREO at December 31, 2011:

(Dollars in thousands)
  OREO   Covered
OREO
  Total  

Balance, December 31, 2010

  $ 17,264   $ 69,317   $ 86,581  

Acquired in Habersham acquisition

        14,493     14,493  

Acquired in BankMeridian acquisition

        4,826     4,826  

Additions, net

    21,342     39,793     61,135  

Writedowns

    (7,665 )   (21,345 )   (29,010 )

Sold

    (12,919 )   (41,235 )   (54,154 )
               

Balance, December 31, 2011

  $ 18,022   $ 65,849   $ 83,871  
               

        The following is a summary of information pertaining to OREO at December 31, 2010:

(Dollars in thousands)
  OREO   Covered
OREO
  Total  

Balance, December 31, 2009

  $ 3,102   $   $ 3,102  

Acquired in CBT Acquisition

        25,876     25,876  

Additions

    25,585     55,947     81,532  

Writedowns

    (2,773 )       (2,773 )

Sold

    (8,650 )   (12,506 )   (21,156 )
               

Balance, December 31, 2010

  $ 17,264   $ 69,317   $ 86,581  
               

        The covered OREO above is covered pursuant to the FDIC loss share agreement which is discussed in Note 2—Mergers and Acquisitions.