XML 29 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 7 - Foreclosed Real Estate
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Real Estate Disclosure [Text Block]
(
7
)          
FORECLOSED REAL ESTATE
 
Foreclosed real estate activity was as follows for the years ended
December 31, 2017,
2016
and
2015:
 
(In thousands)   2017   2016   2015
             
Beginning balance   $
4,674
     $
4,890
     $
78
  
Obtained in acquisition    
-
      
-
      
4,349
  
Transfers from loans to foreclosed real estate    
555
      
1,307
      
809
  
Direct write-downs    
(263
 )    
(80
 )    
(100
 )
Sales    
(1,023
 )    
(1,504
 )    
(245
 )
Capitalized expenses and other adjustments    
28
      
61
      
(1
 )
                         
Ending balance   $
3,971
     $
4,674
     $
4,890
  
 
Net loss on foreclosed real estate was as follows for the years ended
December 31, 2017,
2016
and
2015:
 
(In thousands)   2017   2016   2015
             
Net (gain) loss on sales   $
(3
 )   $
(30
 )   $
15
  
Direct write-downs    
263
      
80
      
100
  
Operating expenses, net of income    
56
      
94
      
47
  
                         
    $
316
     $
144
     $
162
  
 
At
December 31, 2017
and
2016,
the balance of foreclosed real estate includes
$443,000
and
$226,000,
respectively, of residential real estate properties where physical possession has been obtained. At
December 31, 2017
and
2016,
the recorded investment in consumer mortgage loans secured by residential real estate properties where formal foreclosure procedures are in process was
$588,000
and
$793,000,
respectively.