Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2013

Other Real Estate Owned

Schedule of components of OREO

	March 31,		December 31,
(in thousands)	2013		2012
Land/Lots	$	2,856	$	2,929
Commercial Real Estate	1,054		1,054
Total	$	3,910	$	3,983

Schedule presenting the activity in OREO

	March 31,
(in thousands)	2013			2012
Balance, January 1,	$	3,983		$	6,958
Additions	—			239
Valuation adjustments	—			26
Carrying value of OREO sold	(73		)	(1,097		)
Balance, March 31,	$	3,910		$	6,126

Schedule of components of net expense of OREO

	Three Months Ended March 31,
(in thousands)	2013			2012
Insurance	35			$	21
Legal fees	33			33
Maintenance	25			16
Income from the operation of foreclosed properties	(7		)	(4		)
Professional fees	14			11
Real estate taxes	56			98
Utilities	7			4
Other	55			25
Impairment charges (credits)	—			(26		)
Total	$	218		$	178