Income Taxes and Deferred Taxes: Schedule of Income Taxes and Deferred Taxes (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Income Taxes and Deferred Taxes:

Schedule of Income Taxes and Deferred Taxes

	June 30 2012	December 31 2011
Deferred tax assets:
REO and loan loss reserves	$29,534	$31,156
Deferred compensation	6,067	6,032
Net operating loss carryforward	23,000	27,992
Low income housing tax credits	7,622	7,202
Other	331	309
Total deferred tax assets	66,554	72,691
Deferred tax liabilities:
FHLB stock dividends	(6,137)	(6,137)
Depreciation	(3,444)	(3,570)
Deferred loan fees, servicing rights and loan origination costs	(5,156)	(4,863)
Intangibles	(1,864)	(2,243)
Financial instruments accounted for under fair value accounting	(10,278)	(16,499)
Total deferred tax liabilities	(26,879)	(33,312)
Deferred income tax asset	39,675	39,379
Unrealized gain on securities available-for-sale	(1,103)	(1,151)
Valuation allowance	(7,000)	(38,228)
Deferred tax asset, net	$31,572	$--