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Other Real Estate Owned (Tables)
6 Months Ended
Jun. 30, 2011
Other Real Estate Owned  
Summary of OREO activity

 

 

 

 

For the three months ended
June 30, 2011

 

For the three months ended
June 30, 2010

 

(in thousands)

 

Non-Covered 
OREO

 

Covered 
OREO

 

Total

 

Non-Covered 
OREO

 

Covered 
OREO

 

Total

 

Balance, beginning of period

 

$

56,342

 

$

121,822

 

$

178,164

 

$

58,025

 

$

77,526

 

$

135,551

 

Additions

 

3,967

 

33,549

 

37,516

 

6,048

 

33,151

 

39,199

 

Sales

 

(11,083

)

(24,836

)

(35,919

)

(2,185

)

(6,891

)

(9,076

)

Valuation adjustments

 

(1,592

)

(15,628

)

(17,220

)

(7,437

)

(4,945

)

(12,382

)

Balance, end of period

 

$

47,634

 

$

114,907

 

$

162,541

 

$

54,451

 

$

98,841

 

$

153,292

 

 

 

 

 

For the six months ended
June 30, 2011

 

For the six months ended
June 30, 2010

 

(in thousands)

 

Non-Covered 
OREO

 

Covered 
OREO

 

Total

 

Non-Covered 
OREO

 

Covered 
OREO

 

Total

 

Balance, beginning of period

 

$

57,317

 

$

120,866

 

$

178,183

 

$

53,308

 

$

60,558

 

$

113,866

 

Additions

 

10,528

 

61,126

 

71,654

 

27,145

 

58,045

 

85,190

 

Sales

 

(17,147

)

(43,153

)

(60,300

)

(7,588

)

(10,793

)

(18,381

)

Valuation adjustments

 

(3,064

)

(23,932

)

(26,996

)

(18,414

)

(8,969

)

(27,383

)

Balance, end of period

 

$

47,634

 

$

114,907

 

$

162,541

 

$

54,451

 

$

98,841

 

$

153,292