Schedule of Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Other Real Estate Owned (Tables):

Schedule of Other Operating Cost and Expense, by Component (Table)

The following table presents the components of OREO expense (in thousands):

	Three months ended March 31,
	2014			2013
Operating expenses	$	185		$	142
Provision for unrealized losses		—			261
Net gain on sales		(175	)		(27	)
Total other real estate owned expense	$	10		$	376

Schedule of Other Real Estate, Roll Forward (Table)

The table shows the changes in other real estate owned (OREO) as of the periods indicated as follows (in thousands):

	March 31,			December 31,
	2014			2013
Balance, January 1	$	3,454		$	22,423
Loans transferred to other real estate owned		1,231			818
Premises transferred to other real estate owned		—			627
Sales of other real estate owned		(2,227	)		(17,204	)
Gain (loss) on sale or write-down of other real estate owned		175			(3,210	)
Balance, end of period	$	2,633		$	3,454