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Note 7 - Other Real Estate Owned
 3 Months Ended
Mar. 31, 2015
Disclosure Text Block [Abstract]  
Real Estate Owned [Text Block]
7. Other Real Estate Owned

The following are changes in OREO during the periods indicated:

   
For the three months ended
March 31,
 
   
2015
   
2014
 
   
(In thousands)
 
Balance at beginning of period
  $ 6,326     $ 2,985  
Acquisitions
    483       115  
Write-down of carrying value
    -       (54 )
Sales
    (1,557 )     (1,346 )
Balance at end of period
  $ 5,252     $ 1,700  

The following table shows the gross gains, gross losses and write-downs of OREO reported in the Consolidated Statements of Income during the periods indicated:

   
For the three months ended
March 31,
 
   
2015
   
2014
 
   
(In thousands)
 
Gross gains
  $ 216     $ 54  
Gross losses
    (6 )     (30 )
Write-down of carrying value
    -       (54 )
Total net (loss) gain
  $ 210     $ (30 )

We may obtain physical possession of residential real estate collaterizing a consumer mortgage loan via foreclosure on an in-substance repossession.  During the three months ended March 31, 2015, we did not foreclosure on any consumer mortgages through in-substance repossession.