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

3 Months Ended

Mar. 31, 2014

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, 2014		December 31, 2013
Real estate acquired in settlement of loans	$	24,573	$	28,353
Personal property acquired in settlement of loans	51		42
Total property acquired in settlement of loans	$	24,624	$	28,395

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, 2014			March 31, 2013
Real estate acquired in settlement of loans, beginning of period	$	28,353		$	62,796
Plus: New real estate acquired in settlement of loans	268			3,969
Less: Sales of real estate acquired in settlement of loans	(3,774		)	(20,239		)
Less: Write-downs and net gain (loss) on sales charged to expense	(274		)	(219		)
Real estate acquired in settlement of loans, end of period	$	24,573		$	46,307