Note 6 - Other Loans Held for Sale and Valuation Allowance

12 Months Ended

Dec. 31, 2013

Loans Held For Sale And Valuation Allowance Disclosure [Abstract]

Loans Held For Sale And Valuation Allowance Disclosure [Text Block]

6.     Other Loans Held for Sale and Valuation Allowance

At December 31, 2012, other loans held for sale consisted of two commercial real estate loans that were sold during 2013 at a gain of $326 thousand.

The following table summarizes activity within other loans held for sale and the related valuation allowance at the dates and for the periods indicated (in thousands).

	Other loans held for sale, gross			Valuation allowance on other loans held for sale
Balance, December 31, 2011	$	16,739		$	2,561
Additions:
Gross loans transferred to other loans held for sale related to branch sales		7,508			-
SBA loans transferred to other loans held for sale		1,668			-
Other gross loans transferred to other loans held for sale		12,214			-
Writedowns on other loans held for sale included in valuation allowance, net		-			1,437
Total additions		21,390			1,437
Reductions:
Proceeds from sales of other loans held for sale		22,100			874
Proceeds from sales of SBA loans		1,830			-
Transfers to foreclosed real estate		1,814			-
Other loans held for sale transferred to gross loans		7,717			1,574
Loss on sales of and direct writedowns on other loans held for sale		2,434			-
Gain on sales of SBA loans		(162	)		-
Net paydowns		108			38
Total reductions		35,841			2,486
Balance, December 31, 2012	$	2,288		$	1,512
Additions:
SBA loans transferred to other loans held for sale		2,015			-
Total additions		2,015			-
Reductions:
Proceeds from sales of other loans held for sale		2,614			1,512
Proceeds from sales of SBA loans		2,222			-
Gain on sales of other loans held for sale		(326	)		-
Gain on sales of SBA loans		(207	)		-
Total reductions		4,303			1,512
Balance, December 31, 2013	$	-		$	-

The Company originates and sells loans partially guaranteed by the SBA, an agency of the United States (“U.S.”) government. The Company may sell the guaranteed portion of these loans into the secondary market. There were no SBA loans included in other loans held for sale at December 31, 2013 and 2012.