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Note 5 - Other Real Estate Owned (OREO)
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Real Estate Owned [Text Block]

Note 5. Other Real Estate Owned

 

The Bank did not have any OREO activity during the years ended  December 31, 2020 and 2019. Accordingly, there were no residential real estate properties included in the ending OREO balances above at December 31, 2020 and 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 December 31, 2020.

 

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