Other real estate owned declined to $870,000 at December 31, 2012 from $3.4 million at December 31, 2011 due primarily to sales. At December 31, 2012, $823,000 of other real estate owned is associated with the Merger.

Delinquency Status of Accruing Loans 30-89 Days Delinquent

Loans 30 to 89 days delinquent and on accrual status at December 31, 2012 totaled $14.8 million, a decrease of $6.3 million from the December 31, 2011, balance of $21.1 million. The following tables set forth delinquencies for accruing loans by type and by amount at December 31, 2012 and December 31, 2011 (dollars in thousands).  At December 31, 2012, the table includes $1.3 million of one-to-four family and $218,000 of multifamily delinquent loans associated with the Merger.
  December 31, 2012 December 31, 2011
Real estate loans:    
Commercial  $ 4,736  $ 8,404
One- to four-family residential  5,584  2,258
Construction and land  159  3,041
Multifamily  2,731  6,468
Home equity and lines of credit  44  30
Commercial and industrial loans  1,467  207
Insurance premium loans  --   568
Other loans  59  91
Total delinquent accruing loans  $ 14,780  $ 21,067

PCI Loans (Held-for-Investment)

Asset quality of PCI loans improved from December 31, 2011. At December 31, 2012, based on recorded contractual principal, 5.4% of PCI loans were past due 30 to 89 days, and 11.6% were past due 90 days or more, as compared to 9.0% and 16.1%, respectively, at December 31, 2011.

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