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Other Real Estate Owned (Tables)
 9 Months Ended
Sep. 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
September 30, 2013
 
 
 
 
 
Residential real estate
$
3,819

 
$
3,519

 
$
7,338

Commercial real estate
4,271

 
9,122

 
13,393

Residential land development
1,181

 
14,448

 
15,629

Commercial land development
7,309

 
13,492

 
20,801

Total
$
16,580

 
$
40,581

 
$
57,161

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

Acquired OREO
—

 
13,674

 
13,674

Transfers of loans
7,025

 
6,575

 
13,600

Capitalized improvements
—

 
129

 
129

Impairments(1)
(6,275
)
 
(1,574
)
 
(7,849
)
Dispositions
(29,646
)
 
(22,939
)
 
(52,585
)
Other
(58
)
 
(1
)
 
(59
)
Balance at September 30, 2013
$
16,580

 
$
40,581

 
$
57,161

 
(1)
Of the total impairment charges of $(6,275) recorded for covered OREO, $(1,255) was included in the Consolidated Statements of Income for the nine months ended September 30, 2013, while the remaining $(5,020) 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Repairs and maintenance
$
565

 
$
839

 
$
1,473

 
$
2,035

Property taxes and insurance
163

 
492

 
820

 
1,068

Impairments
594

 
1,023

 
2,829

 
5,190

Net losses on OREO sales
293

 
195

 
511

 
1,864

Rental income
(78
)
 
(109
)
 
(274
)
 
(348
)
Total
$
1,537

 
$
2,440

 
$
5,359

 
$
9,809