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Other Real Estate Owned
6 Months Ended
Jun. 30, 2012
Other Real Estate Owned [Abstract]  
Other Real Estate Owned
Note 5 - Other Real Estate Owned

Activity for other real estate owned during the three and six months ended June 30, 2012 and 2011 was as follows:

   
Three Months Ended
  
Six Months Ended
 
   
June 30
  
June 30
 
(in thousands)
 
2012
  
2011
  
2012
  
2011
 
Beginning balance of other real estate owned
 $59,154  $47,667  $56,965  $42,935 
New assets acquired
  2,125   4,617   7,495   10,938 
Capitalized costs
  77   48   167   61 
Fair value adjustments
  (180)  (1,759)  (359)  (2,177)
Sale of assets
  (4,741)  (3,782)  (7,833)  (4,966)
Ending balance of other real estate owned
 $56,435  $46,791  $56,435  $46,791 

Foreclosed properties at June 30, 2012 and 2011 were $55.8 million and $46.8 million, respectively.  Also included in other real estate owned are two properties totaling $0.6 million which were not acquired through foreclosure.  Carrying costs and fair value adjustments associated with foreclosed properties were $0.8 million and $2.2 million for the quarters ended June 30, 2012 and June 30, 2011.  Carrying costs and fair value adjustments for the six months ended June 30, 2012, 2011, and 2010, respectively, were $1.5 million, $3.0 million, and $1.5 million.