Note 8 - Other Real Estate Owned

9 Months Ended

Sep. 30, 2012

Real Estate Owned [Text Block]

8.     Other Real Estate Owned

OREO was as follows as of the dates indicated:

(In thousands)	September 30,  2012		December 31, 2011
Construction and land development	$	30,096	$	21,951
Residential real estate		6,382		5,591
Farmland and other commercial enterprises		11,002		10,615
Total	$	47,480	$	38,157

OREO activity for the nine months ended September 30, 2012 and 2011 was as follows:

Nine months ended September 30,  (In thousands)	2012			2011
Beginning balance	$	38,157		$	30,545
Transfers from loans		21,914			18,449
Proceeds from sales		(10,148	)		(7,738	)
Loss on sales		(241	)		(298	)
Write downs and other decreases, net		(2,202	)		(4,965	)
Ending balance	$	47,480		$	35,993