OTHER REAL ESTATE OWNED, NET

9 Months Ended

Sep. 30, 2011

Real Estate [Abstract]

Real Estate Owned [Text Block]

5. OTHER REAL ESTATE OWNED, NET

     The following tables summarize Other Real Estate Owned (“OREO”) for the periods shown:

(Dollars in thousands)	Three months ended
	September 30, 2011			September 30, 2010
Balance, beginning period	$	35,374		$	37,578
Additions to OREO		1,672			5,119
Disposition of OREO		(6,116	)		(5,372	)
Valuation adjustments in the period		(696	)		(1,511	)
Total OREO	$	30,234		$	35,814
(Dollars in thousands)	Nine months ended
	September 30, 2011			September 30, 2010
Balance, beginning period	$	39,459		$	53,594
Additions to OREO		12,421			17,331
Disposition of OREO		(18,738	)		(29,984	)
Valuation adjustments in the period		(2,908	)		(5,127	)
Total OREO	$	30,234		$	35,814

The following tables summarize the OREO valuation allowance for the periods shown:

(Dollars in thousands)	Three months ended
	September 30, 2011			September 30, 2010
Balance, beginning period	$	7,555		$	7,155
Valuation adjustments in the period		696			1,511
Deductions from the valuation allowance due to disposition		(944	)		(778	)
Total OREO valuation allowance	$	7,307		$	7,888
(Dollars in thousands)	Nine months ended
	September 30, 2011			September 30, 2010
Balance, beginning period	$	7,584		$	9,489
Valuation adjustments in the period		2,908			5,127
Deductions from the valuation allowance due to disposition		(3,185	)		(6,728	)
Total OREO valuation allowance	$	7,307		$	7,888