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Note 7 - Other Real Estate Owned
 3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Real Estate Owned [Text Block]
7.
Other Real Estate Owned
 
OREO are included in other assets on the Company’s Consolidated Statements of Financial Condition. The following table shows changes in OREO during the periods indicated:
 
    For the three months ended
    March 31,
    2018   2017
    (In thousands)
Balance at beginning of period   $
-
     $
533
  
Acquisitions    
638
      
-
  
Sales    
-
      
(533
 )
Balance at end of period   $
638
     $
-
  
 
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,
    2018   2017
    (In thousands)
Gross gains   $
-
     $
50
  
 
At
March 31, 2018,
we held
one
foreclosed residential real estate property totaling
$0.6
million. Also, we held
one
taxi medallion for
$0.1
million acquired through foreclosure, which is included in “Other Assets.” Included within net loans as of
March 31, 2018
and
December 31, 2017
was a recorded investment of
$10.3
million and
$10.5
million, respectively, of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction.