Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2013

Other real estate owned includes property acquired through foreclosure or deed-in-lieu of foreclosure and also includes property deemed to be in-substance foreclosed and are included in "other assets" in the consolidated balance sheets. Changes in other real estate owned are as follows (in thousands):

	Three Months Ended
	March 31,
	2013			2012
Balance, beginning of period	$	2,189			1,619
Additions		-			543
Addition due to merger		127			-
Reductions due to sales		(612	)		-
Reductions due to valuation write-downs		(17	)		(76	)
Balance, end of period	$	1,687			2,086

Components of Other Real Estate Owned

Other real estate owned at March 31, 2013 and December 31, 2012 consisted of (dollars in thousands):

	March 31, 2013				December 31, 2012
	Number		Amount		Number		Amount

Commercial, secured by real estate		2	$	1,443		2	$	1,875
Residential real estate		5		244		8		314
		7	$	1,687		10	$	2,189