XML 32 R16.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 8 - Other Real Estate Owned
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Real Estate Owned [Text Block]
Note
8
–
Other Real Estate Owned
 
The activity within OREO for the years ended
December
31,
2016
and
2015
is presented in the table below. There were no residential real estate loans in the process of foreclosure as of
December
31,
2016.
  For the year ended
December
31,
2016
and
2015,
proceeds on sales of OREO were
$6.1
million and
$5.5
million, respectively. For the year ended
December
31,
2016,
the Company realized a net gain on sales of OREO of
$682
thousand compared to a net loss on sales of OREO of
$328
thousand for the year ended
December
31,
2015.
 
 
 
  
Year Ended December 31,
 
(dollars in thousands)
  
2016
    
2015
  
                 
Balance beginning of period
   $
5,852
    $
13,224
 
Real estate acquired from borrowers
    
2,500
     
1,725
 
Valuation allowance
    
(200
 )    
(1,100
 )
Properties sold
    
(5,458
 )    
(7,997
 )
Balance end of period
   $
2,694
    $
5,852