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Real Estate and Other Assets Acquired in Settlement of Loans (Tables)

12 Months Ended

Dec. 31, 2012

Real Estate and Other Assets Acquired in Settlement of Loans [Abstract]

Summary of real estate and other assets acquired in settlement of loans


(in thousands)		2012				2011
Commercial		$	329			$	17
Real estate construction—residential			112				307
Real estate construction—commercial			13,392				13,650
Real estate mortgage—residential			1,227				2,121
Real estate mortgage—commercial			14,201				6,623
Repossessed assets			468				279

Total		$	29,729			$	22,997
Less valuation allowance for other real estate owned			(6,137	)			(6,977	)

Total other real estate owned and repossessed assets		$	23,592			$	16,020

Schedule of real estate acquired in settlement of loans


Balance at December 31, 2010		$	20,168
Additions			10,903
Proceeds from sales			(7,435	)
Charge-offs against the valuation allowance for other real estate owned			(433	)
Net gain on sales			(206	)

Balance at December 31, 2011		$	22,997

Additions			16,869
Proceeds from sales			(8,571	)
Charge-offs against the valuation allowance for other real estate owned, net			(1,883	)
Net gain on sales			317

Total other real estate owned and repossessed assets		$	29,729
Less valuation allowance for other real estate owned			(6,137	)

Balance at December 31, 2012		$	23,592

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


(in thousands)		2012				2011				2010
Balance, beginning of year		$	6,977			$	6,158			$	0
Provision for other real estate owned			713				1,252				6,158
Charge-offs			(1,553	)			(433	)			0

Balance, end of year		$	6,137			$	6,977			$	6,158