XML 94 R16.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Note 9: Other Real Estate Owned | 3 Months Ended
--- | ---
Mar. 31, 2015
Notes |
Note 9: Other Real Estate Owned | NOTE 9: OTHER REAL ESTATE OWNED Major classifications of other real estate owned were as follows:
| March 31, |  | December 31,
| 2015 |  | 2014
(In Thousands) |  |  |
Foreclosed assets held for sale |  |  |
One- to four-family construction | $120 |  | $223
Subdivision construction | 9,779 |  | 9,857
Land development | 16,862 |  | 17,168
Commercial construction | — |  | —
One- to four-family residential | 2,405 |  | 3,353
Other residential | 2,633 |  | 2,625
Commercial real estate | 3,664 |  | 1,632
Commercial business | 48 |  | 59
Consumer | 832 |  | 624
| 36,343 |  | 35,541
FDIC-supported foreclosed assets, net of discounts | 5,117 |  | 5,695
Acquired foreclosed assets no longer covered by FDIC loss sharing agreements, net of discounts | 879 |  | 879
Acquired foreclosed assets not covered by FDIC loss sharing agreements, net of discounts (Valley Bank) | 868 |  | 778
Foreclosed assets held for sale, net | 43,207 |  | 42,893
Other real estate owned not acquired through |  |  |
foreclosure | 2,958 |  | 2,945
Other real estate owned | $46,165 |  | $45,838
Other real estate owned not acquired through foreclosure includes 13 properties, 11 of which were branch locations that have been closed and are held for sale, and two of which are land which was acquired for potential branch locations. At March 31, 2015, residential mortgage loans totaling $714,000 were in the process of foreclosure. All of these loans were acquired loans which are covered by loss sharing agreements. Expenses applicable to foreclosed assets included the following:
| Three Months Ended March 31,
| 2015 |  | 2014
(In Thousands) |  |  |
Net (gain) loss on sales of foreclosed assets | $(125) |  | $150
Valuation write-downs | 52 |  | 180
Operating expenses, net of rental income | 458 |  | 520
| $385 |  | $850

X
- Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28367877&loc=d3e4437-111522 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.10(4)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 28 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 40 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56956306&loc=d3e18551-111553 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 40 -Section 40 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956306&loc=d3e18511-111553 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 35 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=29634951&loc=d3e1424-110224 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 35 -Paragraph 43 -URI http://asc.fasb.org/extlink&oid=29634951&loc=d3e1739-110224 + Details
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration