Note 5 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

5. Other Real Estate Owned

OREO was as follows as of the date indicated:

December 31, (In thousands)	2015		2014
Construction and land development	$	12,997	$	17,628
Residential real estate		960		2,219
Farmland and other commercial enterprises		7,886		12,113
Total	$	21,843	$	31,960

OREO activity for 2015 and 2014 was as follows:

(In thousands)	2015			2014
Beginning balance	$	31,960		$	37,826
Transfers from loans and other increases		1,514			8,874
Proceeds from sales		(10,342	)		(11,336	)
Loss on sales, net		(188	)		(776	)
Write downs and other decreases, net		(1,101	)		(2,628	)
Ending balance	$	21,843		$	31,960

At December 31, 2015, the Company had a total of $1.6 million of loans secured by residential real estate mortgages that were in the process of foreclosure.