Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2012

Other Real Estate Owned

Summary of OREO activity

The following table provides a summary of OREO activity for the three months ended June 30, 2012 and 2011:

	For the three months ended June 30, 2012									For the three months ended June 30, 2011
(in thousands)	Non-Covered OREO			Covered OREO			Total			Non-Covered OREO			Covered OREO			Total
Balance, beginning of period	$	29,074		$	78,456		$	107,530		$	56,342		$	121,822		$	178,164
Additions	10,476			22,960			33,436			3,967			33,549			37,516
Sales	(1,540		)	(14,332		)	(15,872		)	(11,083		)	(24,836		)	(35,919		)
Valuation adjustments	(3,343		)	(4,250		)	(7,593		)	(1,592		)	(15,628		)	(17,220		)
Balance, end of period	$	34,667		$	82,834		$	117,501		$	47,634		$	114,907		$	162,541

The following table provides a summary of OREO activity for the six months ended June 30, 2012 and 2011:

	For the six months ended June 30, 2012									For the six months ended June 30, 2011
(in thousands)	Non-Covered OREO			Covered OREO			Total			Non-Covered OREO			Covered OREO			Total
Balance, beginning of period	$	30,790		$	98,550		$	129,340		$	57,317		$	120,866		$	178,183
Additions	12,693			29,035			41,728			10,528			61,126			71,654
Sales	(4,417		)	(32,693		)	(37,110		)	(17,147		)	(43,153		)	(60,300		)
Valuation adjustments	(4,399		)	(12,058		)	(16,457		)	(3,064		)	(23,932		)	(26,996		)
Balance, end of period	$	34,667		$	82,834		$	117,501		$	47,634		$	114,907		$	162,541