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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2012
Other Real Estate Owned [Abstract]  
Other Real Estate Owned

The following summarizes other real estate owned:

As of  December 31,
 
2012
  
2011
 
Real estate acquired in settlement of loans
 
$
7,593,000
  
$
4,094,000
 

Changes in the allowance for losses from other real estate owned were as follows:

For the years ended December 31,
 
2012
  
2011
  
2010
 
Balance at beginning of year
 
$
436,000
  
$
132,000
  
$
583,000
 
Losses charged to allowance
  
(460,000
)
  
(980,000
)
  
(803,000
)
Provision charged to operating expenses
  
397,000
   
1,284,000
   
352,000
 
Balance at end of year
 
$
373,000
  
$
436,000
  
$
132,000