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Note 7 - Other Real Estate Owned
 6 Months Ended
Jun. 30, 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

June 30,

  

For the six months ended

June 30,
    2015   2014   2015   2014
    (In thousands)
                 
Balance at beginning of period   $ 5,252     $ 1,700     $ 6,326     $ 2,985  
Acquisitions     289       491       772       606  
Recovery (write-down) of carrying value     (896 )     49       (896 )     (5 )
Sales     (390 )     (894 )     (1,947 )     (2,240 )
                                 
Balance at end of period   $ 4,255     $ 1,346     $ 4,255     $ 1,346  

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

June 30,

  

For the six months ended

June 30,
    2015   2014   2015   2014
    (In thousands)
                 
Gross gains   $ 86     $ 77     $ 302     $ 131  
Gross losses     -       -       (6 )     (30 )
Recovery (write-down) of carrying value     (896 )     49       (896 )     (5 )
                                 
Total gain (loss)   $ (810 )   $ 126     $ (600 )   $ 96  

We may obtain physical possession of residential real estate collaterizing a consumer mortgage loan via foreclosure on an in-substance repossession. During the three and six months ended June 30, 2015 we did not foreclose on any consumer mortgages through in-substance repossession.