XML 122 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Real Estate Owned (Tables)
 6 Months Ended
Jun. 30, 2013
Real Estate [Abstract]  
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs
The following table provides details of the Company’s other real estate owned (“OREO”) covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs as of the dates presented:
 
 
Covered
OREO
 
Not Covered
OREO
 
Total
OREO
June 30, 2013
 
 
 
 
 
Residential real estate
$
5,091

 
$
3,368

 
$
8,459

Commercial real estate
7,955

 
9,139

 
17,094

Residential land development
2,318

 
15,137

 
17,455

Commercial land development
12,471

 
5,603

 
18,074

Other
—

 
—

 
—

Total
$
27,835

 
$
33,247

 
$
61,082

December 31, 2012
 
 
 
 
 
Residential real estate
$
8,778

 
$
7,842

 
$
16,620

Commercial real estate
14,368

 
7,779

 
22,147

Residential land development
5,005

 
22,490

 
27,495

Commercial land development
17,383

 
6,221

 
23,604

Other
—

 
385

 
385

Total
$
45,534

 
$
44,717

 
$
90,251
Changes in OREO covered and not covered under a loss-share agreement
Changes in the Company’s OREO covered and not covered under a loss-share agreement were as follows:
 
 
Covered
OREO
 
Not Covered
OREO
 
Total
OREO
Balance at January 1, 2013
$
45,534

 
$
44,717

 
$
90,251

Transfers of loans
5,294

 
5,620

 
10,914

Capitalized improvements
—

 
129

 
129

Impairments(1)
(5,775
)
 
(1,080
)
 
(6,855
)
Dispositions
(17,172
)
 
(16,139
)
 
(33,311
)
Other
(46
)
 
—

 
(46
)
Balance at June 30, 2013
$
27,835

 
$
33,247

 
$
61,082

 
(1)
Of the total impairment charges of $(5,775) recorded for covered OREO, $(1,155) was included in the Consolidated Statements of Income for the six months ended June 30, 2013, while the remaining $(4,620) increased the FDIC loss-share indemnification asset.
Components of "Other real estate owned" in the Consolidated Statements of Income
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Repairs and maintenance
$
555

 
$
617

 
$
908

 
$
1,196

Property taxes and insurance
304

 
127

 
657

 
576

Impairments
1,249

 
2,069

 
2,235

 
4,167

Net (gains) losses on OREO sales
(252
)
 
671

 
218

 
1,669

Rental income
(83
)
 
(114
)
 
(196
)
 
(239
)
Total
$
1,773

 
$
3,370

 
$
3,822

 
$
7,369