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Note 5 - Other Real Estate Owned
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Real Estate Owned [Text Block]
Note
5.
Other Real Estate Owned
 
Changes in the balance for OREO are as follows (in thousands):
 
 
   
2019
    
2018
  
Balance at the beginning of year, gross
   $
—
     $
326
  
Transfers in
    
—
      
68
  
Sales proceeds
    
—
      
(416
 )
Gain on disposition
    
—
      
22
  
Balance at the end of year, gross
   $
—
     $
—
  
Less: valuation allowance
    
—
      
—
  
Balance at the end of year, net
   $
—
     $
—
  
 
There were
no
residential real estate properties included in the ending OREO balances above at
December 31, 2019
 and
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
December 31, 2019
.
 
Net expenses applicable to OREO, other than the provision for losses, were
$1
 thousand and
$2
 thousand for the years ended
December 31, 2019
 and
2018
, respectively