Other Real Estate and Repossessed Assets (Tables)

9 Months Ended

Sep. 30, 2014

Other Real Estate [Abstract]

Summary of real estate and other assets acquired in settlement of loans

	September 30,			December 31,
(in thousands)	2014			2013
Real estate construction - residential	$	16		$	114
Real estate construction - commercial		9,831			10,020
Real estate mortgage - residential		374			830
Real estate mortgage - commercial		5,498			8,537
Repossessed assets		1			41
Total	$	15,720		$	19,542
Less valuation allowance for other real estate owned		(3,282	)		(4,675	)
Total other real estate and repossessed assets	$	12,438		$	14,867

Schedule of changes in the net carrying amount of other real estate owned and repossessed assets

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Balance at beginning of period	$	15,231		$	21,977		$	19,542		$	29,729
Additions		1,512			308			1,817			3,278
Proceeds from sales		(821	)		(1,348	)		(3,945	)		(7,581	)
Charge-offs against the valuation allowance for other real estate owned		(199	)		(93	)		(1,843	)		(4,416	)
Repossessed assets impairment write-downs		0			(39	)		0			(239	)
Net (loss) gain on sales		(3	)		(185	)		149			(151	)
Total other real estate and repossessed assets	$	15,720		$	20,620		$	15,720		$	20,620
Less valuation allowance for other real estate owned		(3,282	)		(4,752	)		(3,282	)		(4,752	)
Balance at end of period	$	12,438		$	15,868		$	12,438		$	15,868

Summary of activity in valuation allowance for other real estate owned in settlement of loans

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2014			2013			2014			2013
Balance, beginning of period	$	3,205		$	3,999		$	4,675		$	6,137
Provision for other real estate owned		276			846			450			3,031
Charge-offs		(199	)		(93	)		(1,843	)		(4,416	)
Balance, end of period	$	3,282		$	4,752		$	3,282		$	4,752