Foreclosed Assets Held For Sale

3 Months Ended

Jun. 30, 2012

Foreclosed Assets Held For Sale:

Foreclosed Assets Held For Sale

NOTE 9: FORECLOSED ASSETS HELD FOR SALE

Major classifications of foreclosed assets were as follows:

	June 30,	December 31,
	2012	2011
One-to four-family construction	$900	$1,630
Subdivision construction	20,708	15,573
Land development	13,181	13,634
Commercial construction	3,779	2,747
One-to four-family residential	2,015	1,849
Other residential	6,973	7,853
Commercial real estate	2,712	2,290
Commercial business	175	85
Consumer	431	1,211
Total foreclosed assets before FDIC supported foreclosed assets	50,874	46,872
FDIC-supported foreclosed assets, net of discounts	28,267	20,749
Total foreclosed assets	$79,141	$67,621

Expenses applicable to foreclosed assets included the following:

	Three Months Ended June 30,
	2012	2011
Net (gain) loss on sales of foreclosed assets	$(866)	$34
Valuation write-down	1,131	--
Operating expenses, net of rental income	963	593
Total foreclosed assets expenses	$1,228	$627

	Six Months Ended June 30,
	2012	2011
Net (gain) loss on sales of foreclosed assets	$(1,397)	$(283)
Valuation write-down	1,400	--
Operating expenses, net of rental income	1,665	1,339
Total foreclosed assets expenses	$1,668	$1,056