FORECLOSED PROPERTY (Tables)

12 Months Ended

Dec. 31, 2012

Foreclosed Property Tables

Schedule of non-covered foreclosed property

The following table presents the activity of our non-covered foreclosed property for the periods indicated.

	As of and for the twelve months ended December 31,
	2012						2011
	# of Properties			$ Amount			# of Properties			$ Amount
	(dollars in thousands)
Beginning balance		7		$	20,349			8		$	26,011
New properties added		—			—			4			3,356
Valuation allowances		—			(1,732	)		—			(5,784	)
Partial sale proceeds received		—			(1,383	)		—			—
Sales of properties		(3	)		(2,339	)		(5	)		(3,234	)
Ending balance		4		$	14,895			7		$	20,349

Schedule of covered foreclosed property

The following table presents the activity of our covered foreclosed property for the periods indicated.

	As of and for the twelve months ended December 31,
	2012						2011
	# of Properties			$ Amount			# of Properties			$ Amount
	(dollars in thousands)
Beginning balance		49		$	14,616			2		$	977
New properties acquired		—			—			22			11,052
New properties added		13			6,721			57			22,587
Valuation allowances		—			—			—			(455	)
Partial sales proceeds received		—			(50	)		—			—
Sales of properties		(52	)		(17,387	)		(32	)		(19,545	)
Ending balance		10		$	3,900			49		$	14,616