Net Gains (Losses)

9 Months Ended

Sep. 30, 2011

Net Gains/(Losses)

Net Gains/(Losses)

Note 3 – Net Gains/(Losses)

The following table summarizes the gain/(loss) activity for the nine- and three-month periods ended September 30, 2011 and 2010:

	Nine months ended September 30,
(in thousands)	2011			2010
Other-than-temporary impairment charges:
Available-for-sale securities	$	(19	)	$	(8,275	)
Net gains/(losses) – other:
Available-for-sale securities:
Realized gains		773			262
Realized losses		(197	)		(170	)
Transfers of available-for-sale securities to trading:
Gains recognized in earnings		0			2,852
Losses recognized in earnings		0			(5,106	)
Trading securities:
Gross gains on sales		0			972
Gross losses on sales		0			(1,223	)
Loss on sales of other real estate owned		(244	)		(275	)
Write-down of other real estate owned		(1,875	)		(563	)
Gain/(loss) on sale of consumer loans		60			(156	)
Gain on sale of indirect auto loans		1,366			0
(Loss)/gain on disposal of fixed assets		(8	)		11
Net losses – other		(125	)		(3,396	)
Net losses	$	(144	)	$	(11,671	)

	Three months ended September 30,
(in thousands)	2011			2010
Other-than-temporary impairment charges:
Available-for-sale securities	$	0		$	(210	)
Net gains/(losses) – other:
Available-for-sale securities:
Realized gains		406			0
Realized losses		(96	)		(170	)
Transfers of available-for-sale securities to trading:
Gains recognized in earnings		0			0
Losses recognized in earnings		0			0
Trading securities:
Gross gains on sales		0			0
Gross losses on sales		0			0
Loss on sales of other real estate owned		(200	)		(54	)
Write-down of other real estate owned		(923	)		(474	)
Gain on sale of consumer loans		19			0
Gain on sale of indirect auto loans		0			0
Gain on disposal of fixed assets		1			11
Net losses – other		(793	)		(687	)
Net losses	$	(793	)	$	(897	)