Note 4 - Real Estate Owned and Repossessed Assets

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Real Estate Owned [Text Block]

Note 4 - Real Estate Owned and Repossessed Assets

Real estate owned and repossessed assets are included in other assets on the balance sheet.

The following table presents the activity in real estate owned and repossessed assets for the periods shown:

	For the Year Ended December 31,
	2020			2019
	(In thousands)
Beginning balance	$	154		$	124
Loans transferred to foreclosed assets		529			412
Sales		(561	)		(376	)
Market value adjustments		—			(10	)
Net gain (loss) on sales		(120	)		4
Ending balance	$	2		$	154

The following table presents the breakout of real estate owned and repossessed assets by type as of:

	December 31, 2020		December 31, 2019
	(In thousands)
Land	$	—	$	62
Personal property		2		92
	$	2	$	154