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Other Real Estate and Foreclosed Assets (Tables)

6 Months Ended

Jun. 30, 2014

Other Real Estate [Abstract]

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

		June 30,				December 31,
*(in thousands)*		2014				2013
Real estate construction - residential		$	17			$	114
Real estate construction - commercial			9,866				10,020
Real estate mortgage - residential			281				830
Real estate mortgage - commercial			5,058				8,537
Foreclosed assets			9				41
Total		$	15,231			$	19,542
Less valuation allowance for other real estate owned			(3,205	)			(4,675	)
Total other real estate and foreclosed assets		$	12,026			$	14,867

Schedule of changes in the net carrying amount of other real estate owned and repossessed assets

		Three Months Ended June 30,								Six Months Ended June 30,
		2014				2013				2014				2013
Balance at beginning of period		$	18,696			$	31,472			$	19,542			$	29,729
Additions			46				500				305				2,970
Proceeds from sales			(2,030	)			(5,629	)			(3,124	)			(6,233	)
Charge-offs against the valuation allowance for other real estate owned			(1,488	)			(4,187	)			(1,644	)			(4,323	)
Foreclosed assets impairment write-downs			0				(200	)			0				(200	)
Net gain on sales			7				21				152				34
Total other real estate and foreclosed assets		$	15,231			$	21,977			$	15,231			$	21,977
Less valuation allowance for other real estate owned			(3,205	)			(3,999	)			(3,205	)			(3,999	)
Balance at end of period		$	12,026			$	17,978			$	12,026			$	17,978

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

		Three Months Ended June 30,								Six Months Ended June 30,
*(in thousands)*		2014				2013				2014				2013
Balance, beginning of period		$	4,642			$	8,344			$	4,675			$	6,137
Provision for other real estate owned			51				(158	)			174				2,185
Charge-offs			(1,488	)			(4,187	)			(1,644	)			(4,323	)
Balance, end of period		$	3,205			$	3,999			$	3,205			$	3,999