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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2014
Other Real Estate Owned [Abstract]  
Other Real Estate Owned
Note 6 – Other Real Estate Owned

      Activity for other real estate owned was as follows:

(in thousands)
 
March 31, 2014
  
March 31, 2013
 
Beginning balance of other real estate owned
 $39,188  $47,537 
New assets acquired
  1,268   2,047 
Capitalized costs
  0   0 
Fair value adjustments
  (874)  (1,146)
Sale of assets
  (3,283)  (2,718)
Ending balance of other real estate owned
 $36,299  $45,720 
 
      Foreclosed properties at March 31, 2014 and 2013 were $36.3 million and $45.2 million, respectively.  At March 31, 2013, included in other real estate owned were two properties totaling $0.5 million which were not acquired through foreclosure.  Carrying costs and fair value adjustments associated with foreclosed properties at March 31, 2014 and 2013 were $1.5 million and $1.8 million, respectively.