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Note 7 - Other Real Estate Owned
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Real Estate Owned [Text Block]
Note
7
.
Other Real Estate Owned
 
The activity within Other Real Estate Owned (“OREO”) for the three months ended March 31, 2016 and 2015 is presented in the table below. There were no residential real estate loans in the process of foreclosure as of March 31, 2016. For the three months ended March 31, 2016, proceeds on sales of OREO were $2.6 million. The net gain on sales was $573 thousand for the three months ended March 31, 2016.
 
 
  
Three Months Ended
  
(dollars in thousands)
  
March 31, 2016
    
March 31, 2015
  
                 
Balance beginning of period
   $ 5,852     $ 13,224  
Real estate acquired from borrowers
     -       -  
Valuation allowance
     (6 )     (750 )
Properties sold
     (2,000 )     (136 )
Balance end of period
   $ 3,846     $ 12,338