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Forclosed Assets
6 Months Ended
Jun. 30, 2011
Forclosed Assets [Abstract]  
FORECLOSED ASSETS
NOTE 4 — FORECLOSED ASSETS
                 
    June 30, 2011     December 31, 2010  
Commercial
  $     $ 1,000  
Commercial real estate
    3,509       3,509  
 
           
Subtotal
    3,509       4,509  
Valuation allowance
    (1,139 )      
 
           
Total
  $ 2,370     $ 4,509  
 
           
Foreclosed assets at June 30, 2011 and December 31, 2010 included three commercial real estate properties, while foreclosed assets at December 31, 2010 also included inventory related to a commercial loan. During the three and six months ended June 30, 2011, a $1,139 valuation allowance was established on one of the commercial real estate properties, undeveloped commercial real estate located in Columbus, Ohio, due to a decline in real estate values. A $1,139 charge resulting from this valuation allowance is included in foreclosed assets expense in the consolidated statement of operations.