Note 8 - Other Real Estate Owned

6 Months Ended

Jun. 30, 2014

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

8.Other Real Estate Owned

Other real estate owned (“OREO”) was as follows as of the date indicated:

(In thousands)	June 30, 2014		December 31, 2013
Construction and land development	$	21,106	$	23,504
Residential real estate		2,004		2,695
Farmland and other commercial enterprises		15,924		11,627
Total	$	39,034	$	37,826

OREO activity for the six months ended June 30, 2014 and 2013 was as follows:

Six months ended June 30, (In thousands)	2014			2013
Beginning balance	$	37,826		$	52,562
Transfers from loans and other increases		6,978			5,279
Proceeds from sales		(4,262	)		(9,619	)
(Loss) gain on sales, net		(94	)		280
Write downs and other decreases, net		(1,414	)		(2,037	)
Ending balance	$	39,034		$	46,465