Note 8 - Other Real Estate Owned

9 Months Ended

Sep. 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)	September 30, 2014		December 31, 2013
Construction and land development	$	19,982	$	23,504
Residential real estate		2,112		2,695
Farmland and other commercial enterprises		12,672		11,627
Total	$	34,766	$	37,826

OREO activity for the nine months ended September 30, 2014 and 2013 was as follows:

Nine months ended September 30, (In thousands)	2014			2013
Beginning balance	$	37,826		$	52,562
Transfers from loans and other increases		8,152			5,589
Proceeds from sales		(8,590	)		(12,695	)
Loss on sales, net		(546	)		(24	)
Write downs and other decreases, net		(2,076	)		(3,771	)
Ending balance	$	34,766		$	41,661