OTHER REAL ESTATE OWNED, NET

6 Months Ended

Jun. 30, 2012

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
	June 30, 2012			June 30, 2011
Balance, beginning of period	$	27,525		$	39,329
Additions to OREO		3,304			4,270
Disposition of OREO		(3,890	)		(6,670	)
Valuation adjustments in the period		(1,213	)		(1,555	)
Total OREO	$	25,726		$	35,374
(Dollars in thousands)	Six months ended
	June 30, 2012			June 30, 2011
Balance, beginning of period	$	30,823		$	39,459
Additions to OREO		4,114			10,749
Disposition of OREO		(7,477	)		(12,622	)
Valuation adjustments in the period		(1,734	)		(2,212	)
Total OREO	$	25,726		$	35,374

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

(Dollars in thousands)	Three months ended
	June 30, 2012			June 30, 2011
Balance, beginning of period	$	8,073		$	7,425
Valuation adjustments in the period		1,213			1,555
Deductions from the valuation allowance due to disposition		(464	)		(1,425	)
Total OREO valuation allowance	$	8,822		$	7,555
(Dollars in thousands)	Six months ended
	June 30, 2012			June 30, 2011
Balance, beginning of period	$	8,151		$	7,584
Valuation adjustments in the period		1,734			2,212
Deductions from the valuation allowance due to disposition		(1,063	)		(2,241	)
Total OREO valuation allowance	$	8,822		$	7,555