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Note 4 - Other Real Estate Owned | 6 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Real Estate Owned [Text Block] | Note 4: Other Real Estate Owned At June 30, 2022 and December 31, 2021, the balance of other real estate owned was $0 and $68,000, respectively. The following table represents the movement in OREO during the periods presented.
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (Dollars in thousands) |  |  |  |  |  |  |  |  |
Transfer of loan to OREO |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 62 |
Sale of OREO |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gross gain realized on transfer to OREO |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
Gross gain realized on sale of OREO |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
There were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process as of June 30, 2022 and there were $60,000 as of December 31, 2021.

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
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