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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]

Note 7. Other Real Estate Owned


The activity within Other Real Estate Owned (“OREO”) for the three and six months ended June 30, 2015 and 2014 is presented in the table below. For the three and six months ended June 30, 2015, proceeds on sales of OREO were $833 thousand and $986 thousand, respectively. The net losses on sales were $148 thousand and $165 thousand for the three and six months ended June 30, 2015.  


   

Three Months Ended

    

Six Months Ended

  

(dollars in thousands)

  

June 30, 2015

    

June 30, 2014

    

June 30, 2015

    

June 30, 2014

  
                                 

Balance beginning of period

   $ 12,338     $ 8,809     $ 13,224     $ 9,225  

Real estate acquired from borrowers

     1,500       85       1,500       330  

Valuation allowance

     -       (51 )     (750 )     (505 )

Properties sold

     (3,123 )     -       (3,259 )     (207 )

Balance end of period

   $ 10,715     $ 8,843     $ 10,715     $ 8,843