Other Real Estate Owned and Property Acquired in Settlement of Loans (Tables)

3 Months Ended

Mar. 31, 2013

Repossessed Assets [Abstract]

Schedule of Repossessed Assets

The following table summarizes OREO and personal property acquired in settlement of loans at the periods indicated:

(dollars in thousands)	March 31, 2013		December 31, 2012
Real estate acquired in settlement of loans	$	46,307	$	62,796
Personal property acquired in settlement of loans	230		335
Total property acquired in settlement of loans	$	46,537	$	63,131

Activities of Real Estate Acquired through Foreclosure

The following tables summarize the changes in real estate acquired in settlement of loans at the periods indicated:

	For Three Months Ended
(dollars in thousands)	March 31, 2013			March 31, 2012
Real estate acquired in settlement of loans, beginning of period	$	62,796		$	110,009
Plus: New real estate acquired in settlement of loans	3,969			8,935
Less: Sales of real estate acquired in settlement of loans	(20,239		)	(10,874		)
Less: Write-downs and net loss on sales charged to expense	(219		)	(3,877		)
Real estate acquired in settlement of loans, end of period	$	46,307		$	104,193