Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2012

Other Real Estate Owned

Summary of OREO activity

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

	For the three months ended September 30, 2012									For the three months ended September 30, 2011
(in thousands)	Non-Covered OREO			Covered OREO			Total			Non-Covered OREO			Covered OREO			Total
Balance, beginning of period	$	34,667		$	82,834		$	117,501		$	47,634		$	114,907		$	162,541
Additions	1,485			14,989			16,474			1,647			15,271			16,918
Sales	(8,364		)	(9,938		)	(18,302		)	(3,894		)	(19,804		)	(23,698		)
Valuation adjustments	(733		)	(4,267		)	(5,000		)	(866		)	(7,526		)	(8,392		)
Balance, end of period	$	27,055		$	83,618		$	110,673		$	44,521		$	102,848		$	147,369

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

	For the nine months ended September 30, 2012									For the nine months ended September 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	14,177			44,025			58,202			12,175			76,398			88,573
Sales	(12,781		)	(42,632		)	(55,413		)	(21,041		)	(62,957		)	(83,998		)
Valuation adjustments	(5,131		)	(16,325		)	(21,456		)	(3,930		)	(31,459		)	(35,389		)
Balance, end of period	$	27,055		$	83,618		$	110,673		$	44,521		$	102,848		$	147,369