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Note 7 - Other Real Estate Owned
 9 Months Ended
Sep. 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 nine months ended September 30, 2015 and 2014 is presented in the table below. There are no residential real estate loans in the process of foreclosure as of September 30, 2015. For the three and nine months ended September 30, 2015, proceeds on sales of OREO were $860 thousand and $1.8 million, respectively. The net losses on sales were $44 thousand and $209 thousand for the three and nine months ended September 30, 2015. 


   

Three Months Ended

    

Nine Months Ended

  

(dollars in thousands)

  

September 30, 2015

    

September 30, 2014

    

September 30, 2015

    

September 30, 2014

  
                                 

Balance beginning of period

   $ 10,715     $ 8,809     $ 13,224     $ 9,225  

Real estate acquired from borrowers

     225       85       1,725       330  

Valuation allowance

     -       (51 )     (750 )     (505 )

Properties sold

     (988 )     (220 )     (4,247 )     (427 )

Balance end of period

   $ 9,952     $ 8,623     $ 9,952     $ 8,623