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Note 8 - Other Real Estate Owned ("OREO")
 6 Months Ended
Jun. 30, 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 June 30, 2015 and December 31, 2014, there were $2.3 million and $2.6 million, respectively, of OREO. As of June 30, 2015, the Company has initiated formal foreclosure proceedings on $1.0 million of real estate.