Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2012

Other Real Estate Owned [Abstract]

Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs

	Covered OREO		Not Covered OREO		Total OREO
September 30, 2012
Residential real estate	$	7,169	$	8,068	$	15,237
Commercial real estate		7,079		9,268		16,347
Residential land development		5,635		25,013		30,648
Commercial land development		21,732		6,219		27,951
Total	$	41,615	$	48,568	$	90,183
December 31, 2011
Residential real estate	$	11,110	$	15,364	$	26,474
Commercial real estate		8,211		11,479		19,690
Residential land development		4,441		36,105		40,546
Commercial land development		19,394		7,131		26,525
Total	$	43,156	$	70,079	$	113,235

Changes in OREO covered and not covered under a loss-share agreement

	Covered OREO			Not Covered OREO			Total OREO
Balance at January 1, 2012	$	43,156		$	70,079		$	113,235
Transfers of loans		27,056			7,161			34,217
Capitalized improvements		—			508			508
Impairments (1)		(7,507	)		(3,689	)		(11,196	)
Dispositions		(21,076	)		(25,674	)		(46,750	)
Other		(14	)		183			169
Balance at September 30, 2012	$	41,615		$	48,568		$	90,183

⁽¹⁾  Of the total impairment charges of $7,507 recorded for covered OREO, $1,501 was included in the Consolidated Statements of Income for the nine months ended September 30, 2012, while the remaining $6,006 increased the FDIC loss-share indemnification asset.

Components of "Other real estate owned" in the Consolidated Statements of Income

	Three Months  Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Carrying costs	$	1,325		$	619		$	3,116		$	2,938
Impairments		1,023			5,200			5,190			6,824
Net losses on OREO sales		202			578			1,852			2,414
Rental income		(110	)		(61	)		(349	)		(207	)
Total	$	2,440		$	6,336		$	9,809		$	11,969