Note 10 - Foreclosed Real Estate and Repossessed Personal Property

12 Months Ended

Dec. 31, 2013

Foreclosed Real Estate And Repossessed Personal Property [Abstract]

Foreclosed Real Estate And Repossessed Personal Property [Text Block]

10.     Foreclosed Real Estate and Repossessed Personal Property

Composition

The following table summarizes foreclosed real estate and repossessed personal property at the dates indicated (in thousands). Repossessed personal property is included in Other assets in the Consolidated Balance Sheets.

	December 31,
	2013		2012
Foreclosed real estate	$	7,502	$	10,911
Repossessed personal property		43		81
Total foreclosed real estate and repossessed personal property	$	7,545	$	10,992

Included in foreclosed real estate at December 31, 2013 and 2012 were 77 and 80 residential lots with an aggregate net book value of $6.5 million and $8.5 million, respectively, in three separate communities related to one real estate development.

Foreclosed Real Estate Activity

The following table summarizes changes in foreclosed real estate at the dates and for the periods indicated (in thousands).

	At and for the years ended December 31,
	2013			2012			2011
Foreclosed real estate, beginning of period	$	10,911		$	27,663		$	19,983
Plus: new foreclosed real estate		2,541			5,389			27,163
Less: proceeds from sale of foreclosed real estate		(2,973	)		(13,524	)		(13,397	)
Plus: gain on sale of foreclosed real estate		142			729			(41	)
Less: writedowns and losses charged to expense		(3,119	)		(9,346	)		(6,045	)
Foreclosed real estate, end of period	$	7,502		$	10,911		$	27,663