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Other Real Estate Owned ("OREO"), net
 12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Real Estate Owned, net
Other real estate owned (“OREO”), net
 
Transactions in the company's OREO for the years ended December 31, 2013, 2012 and 2011were as follows (dollars in thousands):
 
2013
 
2012
 
2011
Balance at beginning of year
$
6,552

 
$
21,270

 
$
39,536

Additions
2,086

 
2,260

 
10,523

Dispositions
(13,742
)
 
(36,623
)
 
(15,351
)
Change in valuation allowance
8,248

 
19,645

 
(13,438
)
Balance at end of year
$
3,144

 
$
6,552

 
$
21,270


 
The following table summarizes activity in the OREO valuation allowance for the years ended December 31, 2013, 2012 and 2011 (dollars in thousands):
 
 
2013
 
2012
 
2011
Balance at beginning of year
$
10,642

 
$
30,287

 
$
16,849

Additions to valuation allowance
356

 
1,261

 
14,998

Reductions due to sales of OREO
(8,604
)
 
(20,906
)
 
(1,560
)
Balance at end of year
$
2,394

 
$
10,642

 
$
30,287


 
The following table summarizes OREO expenses for the years ended December 31, 2013, 2012 and 2011 (dollars in thousands):
 
 
2013
 
2012
 
2011
Operating costs
$
254

 
$
568

 
$
1,298

(Gains) losses on sales of OREO
(81
)
 
(104
)
 
1,640

Increases in valuation allowance
356

 
1,261

 
14,998

Total
$
529

 
$
1,725

 
$
17,936