XML 49 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
REAL ESTATE OWNED, NET (Tables)
9 Months Ended
Sep. 30, 2013
Real Estate [Abstract]  
Schedule of Changes in Real Estate Owned, Net of Valuation Adjustments
The following table presents the changes in REO, net of valuation adjustments, for the three and nine months ended September 30, 2013 and 2012 (in thousands):
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
2013

 
2012

 
2013

 
2012

Balance, beginning of the period
$
6,714

 
$
25,816

 
$
15,778

 
$
42,965

Additions from loan foreclosures
963

 
3,111

 
2,467

 
11,598

Additions from capitalized costs
297

 
97

 
344

 
231

Dispositions of REO
(3,970
)
 
(10,368
)
 
(15,758
)
 
(33,608
)
Gain on sale of REO
1,005

 
2,955

 
2,477

 
3,621

Valuation adjustments in the period
(191
)
 
(1,255
)
 
(490
)
 
(4,451
)
Balance, end of the period
$
4,818

 
$
20,356

 
$
4,818

 
$
20,356

Schedule of Real Estate Owned by Type and Geographic Location by State
The following table shows REO by type and geographic location by state as of September 30, 2013 (in thousands):
 
Washington
 
Oregon
 
Idaho
 
Total
Commercial real estate
$

 
$

 
$
199

 
$
199

Land development—residential
1,179

 
1,819

 
69

 
3,067

One- to four-family real estate
1,197

 
355

 

 
1,552

Balance, end of period
$
2,376

 
$
2,174

 
$
268

 
$
4,818