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Note 6 - Other Real Estate Owned
 3 Months Ended
Mar. 31, 2015
Disclosure Text Block [Abstract]  
Real Estate Owned [Text Block]

Note 6. Other Real Estate Owned


The activity within Other Real Estate Owned (“OREO”) for the three months ended March 31, 2015 and 2014 is presented in the table below. For the three months ended March 31, 2015, proceeds on sale of OREO were $153 thousand and net loss on sale was $17 thousand. For the three months ended March 31, 2014, proceeds on sale of OREO were $50 thousand and net loss was $100 thousand.


   

Three Months Ended

 

(dollars in thousands)

 

March 31, 2015

   

March 31, 2014

 
                 

Balance beginning of period

  $ 13,224     $ 9,225  

Real estate acquired from borrowers

    -       245  

Valuation allowance

    (750 )     (611 )

Properties sold

    (136 )     (50 )

Balance end of period

  $ 12,338     $ 8,809