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Note 8 - Other Real Estate Owned ("OREO")
 3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Other Real Estate Owned (OREO) [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. At
March
31,
2017
and
December
31,
2016,
there was
$1.6
million and
$934,000
of OREO, respectively. As of
March
31,
2017,
there were no formal foreclosure proceedings in process.