Foreclosed Assets Held For Sale

12 Months Ended

Dec. 31, 2011

Foreclosed Assets Held For Sale [Abstract]

Foreclosed Assets Held For Sale

NOTE 5: FORECLOSED ASSETS HELD FOR SALE

Activity in the allowance for losses on foreclosed assets was as follows:

		2011			2010			2009
(In thousands)
Balance, beginning of year	$	481		$	166		$	–
Provision charged to expense		3,159			734			1,363
Charge offs, net of recoveries		(655	)		(419	)		(1,197	)
Balance, end of year	$	2,985		$	481		$	166

Expenses applicable to foreclosed assets at December 31 include the following:

		2011			2010			2009
(In thousands)
Net loss (gain) on sales of foreclosed assets	$	(555	)	$	(168	)	$	(212	)
Provision for losses		3,159			734			1,363
Operating expenses, net of rental income		1,921			1,656			1,902
	$	4,525		$	2,222		$	3,053