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Note 8 - Other Real Estate Owned ("OREO") | 6 Months Ended
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Jun. 30, 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 June 30, 2017 and December 31, 2016, there was $650,000 and $934,000 of OREO, respectively. As of June 30, 2017, there were no formal foreclosures proceedings.

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