Foreclosed Assets Held for Sale

3 Months Ended

Sep. 30, 2011

Foreclosed Assets Held for Sale [Abstract]

Real Estate Owned [Text Block]

NOTE 10: FORECLOSED ASSETS HELD FOR SALE

Major classifications of foreclosed assets were as follows:

	September 30,	December 31,
	2011	2010
	(In Thousands)
One-to four-family construction	$1,158	$2,510
Subdivision construction	18,475	19,816
Land development	17,348	10,620
Commercial construction	2,747	3,997
One-to four-family residential	2,294	2,896
Other residential	4,962	4,178
Commercial real estate	3,513	4,565
Commercial business	79	—
Consumer	1,385	318
	51,961	48,900
FDIC-supported foreclosed assets, net of discounts	13,713	11,362
	$65,674	$60,262

Expenses applicable to foreclosed assets included the following:

	Three Months Ended September 30,
	2011	2010
	(In Thousands)
Net loss on sales of real estate	$95	$1,420
Operating expenses, net of rental income	753	833
	$848	$2,253

	Nine Months Ended September 30,
	2011	2010
	(In Thousands)
Net (gain) loss on sales of real estate	$(189)	$2,313
Operating expenses, net of rental income	2,092	2,524
	$1,903	$4,837