|
Other Real Estate Owned (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Other Real Estate Owned [Abstract] |
|
| Schedule of Real Estate Properties [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
2013
|
2012
|
|
Commercial real estate
|
$
|
5,306
|
$
|
5,559
|
|
Acquisition and development
|
|
10,509
|
|
9,831
|
|
Residential mortgage
|
|
1,216
|
|
2,123
|
|
Total OREO
|
$
|
17,031
|
$
|
17,513
|
|
| Other Real Estate, Roll Forward [Table Text Block] |
|
|
|
|
|
|
|
(in thousands)
|
2013
|
2012
|
|
Balance January 1
|
$
|
2,766
|
$
|
1,745
|
|
Fair value write-down
|
|
3,079
|
|
1,489
|
|
Sales of OREO
|
|
(1,798)
|
|
(468)
|
|
Balance December 31
|
$
|
4,047
|
$
|
2,766
|
|
| Schedule of Components of Other Real Estate Owned Expense [Table Text Block] |
The following table presents the components of OREO expenses, net for the years ended December 31, 2013 and 2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
(in thousands)
|
2013
|
2012
|
|
Gains on real estate, net
|
$
|
(205)
|
$
|
(995)
|
|
Fair value write-down
|
|
3,079
|
|
1,489
|
|
Expenses, net
|
|
665
|
|
914
|
|
Rental and other income
|
|
(630)
|
|
(518)
|
|
Total OREO expenses, net
|
$
|
2,909
|
$
|
890
|
|