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Real Estate Acquired in Settlement of Loans (Tables)

9 Months Ended

Sep. 30, 2012

Real Estate Acquired in Settlement of Loans [Abstract]

Summary of real estate acquired in settlement of loans


(in thousands)		September 30, 2012				December 31, 2011
Commercial		$	329			$	17
Real estate construction - residential			112				307
Real estate construction - commercial			13,407				13,650
Real estate mortgage - residential			1,586				2,121
Real estate mortgage - commercial			16,444				6,623

Total		$	31,878			$	22,718
Less valuation allowance for other real estate owned			(7,480	)			(6,977	)

Total		$	24,398			$	15,741

Schedule of real estate acquired in settlement of loans


Balance at December 31, 2011		$	22,718

Additions			15,585
Proceeds from sales			(5,323	)
Charge-offs against the valuation allowance for other real estate owned			(1,318	)
Net gain on sales			216

Total other real estate owned		$	31,878
Less valuation allowance for other real estate owned			(7,480	)

Balance at September 30, 2012		$	24,398

Summary of activity in valuation allowance for other real estate owned in settlement of loans


(in thousands)		Three Months Ended September 30,								Nine Months Ended September 30,
		2012				2011				2012				2011
Balance, beginning of period		$	7,474			$	6,537			$	6,977			$	6,158
Provision for other real estate owned			1,081				220				1,821				661
Charge-offs			(1,075	)			(127	)			(1,318	)			(189	)

Balance, end of period		$	7,480			$	6,630			$	7,480			$	6,630