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Note 5 - Other Real Estate Owned (OREO)
 6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Real Estate Owned [Text Block]

Note 5. Other Real Estate Owned (OREO)

 

The Bank did not have any OREO activity during the six months ended June 30, 2020 or the year ended December 31, 2019. Accordingly, there were no residential real estate properties included in the ending OREO balances at June 30, 2020 and December 31, 2019. 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 June 30, 2020.

 

The Bank did not have any expenses applicable to OREO for the six months ended June 30, 2020 and 2019. Net expenses applicable to OREO, other than the provision for losses, were $1 thousand for the year ended December 31, 2019.