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Note 8 - Other Real Estate Owned ("OREO")
 3 Months Ended
Mar. 31, 2015
Disclosure Text Block [Abstract]  
Real Estate Owned [Text Block]

NOTE 8 – OTHER REAL ESTATE OWNED (“OREO”)


OREO comprises foreclosed assets acquired in settlement of loans and is carried at fair value less estimated cost to sell and is included in other assets on the Consolidated Balance Sheet. As of March 31, 2015 and December 31, 2014, $2.2 million and $2.6 million, respectively, of OREO were included in other assets. As of March 31, 2015, the Company has initiated formal foreclosure proceedings on $60,000 of residential real estate.