OTHER REAL ESTATE OWNED (Tables)

6 Months Ended

Jun. 30, 2011

OTHER REAL ESTATE OWNED [Abstract]

Activity in Other Real Estate Owned

The following table presents the activity in other real estate owned for the periods indicated:

	Six months ended						Year ended
	June 30,						December 31,
	2011			2010			2010
	(In thousands)
Balance at beginning of period	$	133,412		$	59,265		$	59,265
Additions to foreclosed properties
New foreclosed properties		59,663			37,105			129,796
Reductions in foreclosed properties
Sales		(34,663	)		(24,332	)		(45,217	)
Writedowns		(7,208	)		(4,478	)		(10,432	)
Balance at end of period	$	151,204		$	67,560		$	133,412

Other Real Estate Owned By Geographical Location, Segment and Class

 The following table presents the other real estate owned by geographical location, segment and class at June 30, 2011:

	Alabama								Greater
	and Florida								Memphis		Northeast		Texas and
	Panhandle		Arkansas		Mississippi		Missouri		Area		Tennessee		Louisiana		Other		Total
	(In thousands)
Commercial and industrial	$	439	$	18	$	-	$	-	$	946	$	-	$	-	$	-	$	1,403
Real estate
Consumer mortgages		3,985		327		3,391		762		6,078		2,642		1,120		1,649		19,954
Home equity		-		58		291		-		-		368		-		-		717
Agricultural		950		87		2,081		-		1,551		-		-		-		4,669
Commercial and industrial-owner occupied		930		109		1,740		79		3,515		446		228		292		7,339
Construction, acquisition and development		9,334		2,231		26,052		2,952		49,562		14,931		2,669		621		108,352
Commercial		2,757		1,725		1,112		451		1,215		203		584		-		8,047
All other		172		44		312		195		-		-		-		-		723
Total	$	18,567	$	4,599	$	34,979	$	4,439	$	62,867	$	18,590	$	4,601	$	2,562	$	151,204