Note 4 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

4.Other Real Estate Owned

OREO was as follows as of the date indicated:

December 31, (In thousands)	2013		2012
Construction and land development	$	23,504	$	32,360
Residential real estate		2,695		4,605
Farmland and other commercial enterprises		11,627		15,597
Total	$	37,826	$	52,562

OREO activity for 2013 and 2012 was as follows:

(In thousands)	2013			2012
Beginning balance	$	52,562		$	38,157
Transfers from loans		6,110			33,913
Transfers from premises		-			212
Proceeds from sales, net		(15,169	)		(15,636	)
Loss on sales		(182	)		(324	)
Write downs and other decreases, net		(5,495	)		(3,760	)
Ending balance	$	37,826		$	52,562