XML 30 R14.htm IDEA: XBRL DOCUMENT v3.20.4

Note 6 - Foreclosed Real Estate

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Real Estate Disclosure [Text Block]

(6)         FORECLOSED REAL ESTATE

Foreclosed real estate activity was as follows for the years ended December 31, 2020, 2019 and 2018:

(In thousands)		2020				2019				2018
Beginning balance		$	170			$	3,142			$	3,971
Transfers from loans to foreclosed real estate			67				311				142
Direct write-downs			-				(284	)			(419	)
Sales			(237	)			(3,002	)			(558	)
Capitalized expenses and other adjustments			-				3				6
Ending balance		$	-			$	170			$	3,142

Net loss on foreclosed real estate was as follows for the years ended December 31, 2020, 2019 and 2018:

(In thousands)		2020				2019				2018
Net (gain) loss on sales		$	4			$	(114	)		$	23
Direct write-downs			-				284				419
Operating expenses, net of income			9				129				34
		$	13			$	299			$	476

At December 31, 2020, foreclosed real estate did not include any residential real estate properties where physical possession has been obtained. At December 31, 2019, the balance of foreclosed real estate includes $170,000 of residential real estate properties where physical possession has been obtained. At December 31, 2020 and 2019, the recorded investment in consumer mortgage loans secured by residential real estate properties where formal foreclosure procedures are in process was $109,000 and $319,000, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-URI http://asc.fasb.org/topic&trid=2156125

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 978
-URI http://asc.fasb.org/topic&trid=2134977

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 976
-URI http://asc.fasb.org/topic&trid=2134846

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 974
-URI http://asc.fasb.org/topic&trid=2156429

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 972
-URI http://asc.fasb.org/topic&trid=2134617

+ Details

Name:	us-gaap_RealEstateDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration