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Real Estate Owned (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Real Estate Owned [Abstract]    
Summary of real estate owned

Real estate owned is summarized as follows:

 

 

 

March 31,

 

December 31,

 

 

 

2013

 

2012

 

 

 

(In Thousands)

 

 

 

 

 

 

 

One- to four-family

 

$

15,348

 

17,353

 

Over four-family

 

7,849

 

9,890

 

Construction and land

 

6,048

 

7,029

 

Commercial real estate

 

1,554

 

1,702

 

 

 

$

30,799

 

35,974

 

 

The following table presents the activity in the Company’s real estate owned:

 

 

 

Three months ended March 31,

 

 

 

2013

 

2012

 

 

 

(In Thousands)

 

Real estate owned at beginning of the period

 

$

35,974

 

56,670

 

Transferred from loans receivable

 

2,734

 

6,349

 

Sales

 

(7,680

)

(6,122

)

Write downs

 

(480

)

(875

)

Other

 

251

 

(12

)

Real estate owned at the end of the period

 

$

30,799

 

56,010

 

 

Real estate owned is summarized as follows:

 

 

 

December 31,

 

 

 

2012

 

2011

 

 

 

(In Thousands)

 

 

 

 

 

 

 

One- to four-family

 

$

17,353

 

27,449

 

Over four-family

 

9,890

 

16,231

 

Construction and land

 

7,029

 

8,796

 

Commercial real estate

 

1,702

 

4,194

 

 

 

$

35,974

 

56,670

 

 

The following table presents the activity in real estate owned:

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

 

 

(In Thousands)

 

 

 

 

 

 

 

Real estate owned at beginning of period

 

$

56,670

 

57,752

 

Transferred in from loans receivable

 

22,282

 

28,259

 

Sales

 

(35,159

)

(22,432

)

Write downs

 

(7,562

)

(6,825

)

Other activity

 

(257

)

(84

)

Real estate owned at end of period

 

$

35,974

 

56,670