Other Real Estate Owned

6 Months Ended

Jun. 30, 2011

Other Real Estate Owned

Other Real Estate Owned

Note 8—Other Real Estate Owned

The following is a summary of information pertaining to OREO at June 30, 2011 and June 30, 2010:

(Dollars in thousands)	OREO			Covered  OREO			Total
Balance, December 31, 2010	$	17,264		$	69,317		$	86,581
Acquired in Habersham acquisition	—			14,493			14,493
Additions, net	16,002			8,696			24,698
Writedowns	(3,104		)	—			(3,104		)
Sold	(5,262		)	(17,915		)	(23,177		)
Balance, June 30, 2011	$	24,900		$	74,591		$	99,491

(Dollars in thousands)	OREO			Covered  OREO			Total
Balance, December 31, 2009	$	3,102		$	—		$	3,102
Acquired in CBT Acquisition	—			25,876			25,876
Additions	11,587			11,684			23,271
Writedowns	(733		)	—			(733		)
Sold	(4,153		)	(5,810		)	(9,963		)
Balance, June 30, 2010	$	9,803		$	31,750		$	41,553

The covered OREO above is covered pursuant to the FDIC loss share agreements which are discussed in Note 2—Mergers and Acquisition, and is presented net of the related fair value discount.