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Note 7 - Other Real Estate Owned
 3 Months Ended
Mar. 31, 2017
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,
2017
and
2016
is presented in the table below. There were
no
residential real estate loans in the process of foreclosure as of
March
31,
2017.
  For the
three
months ended
March
31,
2017,
proceeds on sale of OREO were
$939
thousand. For the
three
months ended
March
31,
2017,
one
OREO property was sold for a net loss of
$361
thousand.
 
 
 
Three Months Ended March 31,
 
(dollars in thousands)
 
2017
 
 
2016
 
                 
Balance beginning of period
   $
2,694
    $
5,852
 
Real estate acquired from borrowers
    
-
     
-
 
Valuation allowance
    
-
     
(6
 )
Properties sold
    
(1,300
 )    
(2,000
 )
Balance end of period
   $
1,394
    $
3,846