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Other Real Estate And Repossessed Assets
 12 Months Ended
Dec. 31, 2011
Other Real Estate And Repossessed Assets [Abstract]  
Other Real Estate And Repossessed Assets

6. Other Real Estate and Repossessed Assets

 

A rollforward of other real estate and repossessed assets, for the periods indicated is as follows:

     For the Period Ended December 31,  
     2011     2010     2009  
     (in thousands)  

Balance at beginning of period

    $ 31,490      $ 26,231      $ 13,179   

Transfers from loans

      25,143        34,725        29,076   

Additional investment in foreclosed properties

      —          —          342   

Dispositions

      (15,836 )      (15,957 )      (14,310 ) 

Additional impairment

      (5,175 )      (13,509 )      (2,056 ) 
  

 

 

    

 

 

    

 

 

  

Balance at end of period

    $ 35,622      $ 31,490      $ 26,231   
  

 

 

    

 

 

    

 

 

  

The Company maintained a valuation allowance for losses on other real estate and repossessed assets of $10.7 million at December 31, 2011 and $12.5 million at December 31, 2010.