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Note 5 - Other Real Estate Owned (OREO)
 9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Real Estate Owned [Text Block]
Note
5.
Other Real Estate Owned (OREO)
 
Changes in the balance for OREO are as follows (in thousands):
 
   
Nine Months Ended
    
Year Ended
  
   
September 30, 2019
    
December 31, 2018
  
Balance at the beginning of year, gross
   $
—
     $
326
  
Transfers in
    
—
      
68
  
Sales proceeds
    
—
      
(416
 )
Gain on disposition
    
—
      
22
  
Balance at the end of period, gross
   $
—
     $
—
  
Less: valuation allowance
    
—
      
—
  
Balance at the end of period, net
   $
—
     $
—
  
 
There were
no
residential real estate properties included in the ending OREO balances above at
September 30, 2019
and
December 31, 2018
. The Bank did
not
have any consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process as of
September 30, 2019
.
 
The Bank did
not
have any expenses applicable to OREO for the
nine
months ended
September 30, 2019
. Net expenses applicable to OREO, other than the provision for losses, were
$2
thousand for the
nine
months ended
September 30, 2018
 and the year ended
December 31, 2018
.