Note 8 - Other Real Estate Owned

9 Months Ended

Sep. 30, 2011

Real Estate Owned [Text Block]

8.  Other Real Estate Owned

OREO was as follows as of the date indicated.

(In thousands)	September 30,  2011		December 31, 2010
Construction and land development	$	24,030	$	18,016
Residential real estate		4,863		3,203
Farmland and other commercial enterprises		7,100		9,326
Total	$	35,993	$	30,545

OREO activity for the nine months ended September 30, 2011 and 2010 was as follows:

Nine months ended September 30,  (In thousands)	2011			2010
Beginning balance	$	30,545		$	31,232
Transfers from loans		18,449			14,790
Proceeds from sales		(7,738	)		(12,774	)
Loss on sales		(298	)		(746	)
Write downs and other decreases, net		(4,965	)		(3,480	)
Ending balance	$	35,993		$	29,022