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Foreclosed Assets
12 Months Ended
Dec. 31, 2011
Foreclosed Assets [Abstract]  
Foreclosed Assets

7.  Foreclosed Assets

Foreclosed real estate is reported net of a valuation allowance and included in accrued interest receivable and other assets in the accompanying consolidated balance sheets. Activity for the years ended December 31, 2011, 2010, and 2009 is as follows:

 

                         
     2011     2010     2009  
       

Balance, beginning of year

   $ 396      $ 252      $ 671   

Additions

     249        453        253   

Sales (at carrying value)

     (140     (309     (672
    

 

 

   

 

 

   

 

 

 
       

Balance, end of year

   $ 505      $ 396      $ 252   
    

 

 

   

 

 

   

 

 

 

 

Expenses related to foreclosed real estate include:

 

                         
     2011     2010     2009  
       

Net loss (gain) on sale

   $ (101   $ (117   $ (24

Operating expenses, net of rental income

     24        69        103   
    

 

 

   

 

 

   

 

 

 
       
     $ (77   $ (48   $ 79