Note 5 - Other Real Estate Owned

9 Months Ended

Sep. 30, 2015

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

(5) Other Real Estate Owned

The aggregate carrying amount of Other Real Estate Owned (OREO) at September 30, 2015 and December 31, 2014 was $10,998 and $10,402, respectively. All of the Company’s other real estate owned represents properties acquired through foreclosure or deed in lieu of foreclosure. The following table details the change in OREO for the nine months ended September 30, 2015 and the year ended December 31, 2014.

	Nine Months Ended			Twelve Months Ended
	September 30, 2015			December 31, 2014
Balance, Beginning	$	10,402		$	15,502
Additions		6,290			3,853
Sales of OREO		(5,329	)		(7,102	)
Gains (Losses) on Sale		66			(844	)
Provision for Losses		(431	)		(1,007	)
Balance, Ending	$	10,998		$	10,402

At September 30, 2015, the Company held $1.35 million of residential real estate property as foreclosed property.  Also at September 30, 2015, $439 thousand of consumer mortgage loans collateralized by residential real estate property were in the process of foreclosure according to local requirements of the applicable jurisdictions.