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Note 8 - Other Real Estate Owned
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Real Estate Owned [Text Block]
8
.
Other Real Estate Owned
 
Other real estate owned (“OREO”) was as follows for the dates indicated:
 
(In thousands)
  
June 30
,
2017
    
December 31,
2016
  
Construction and land development
   $
4,808
     $
7,996
  
Residential real estate
    
460
      
871
  
Farmland and other commercial enterprises
    
919
      
1,806
  
Total
   $
6,187
     $
10,673
  
 
OREO activity for the
six
months ended
June 30, 2017
and
2016
was as follows:
 
Six months ended June 30, (In thousands)
  
2017
    
2016
  
Beginning balance
   $
10,673
     $
21,843
  
Transfers from loans and other increases
    
345
      
1,474
  
Proceeds from sales
    
(4,553
 )    
(5,527
 )
Gain (loss) on sales, net
    
72
      
(125
 )
Write downs and other decreases, net
    
(350
 )    
(732
 )
Ending balance
   $
6,187
     $
16,933
  
 
At
June 30, 2017,
the Company had a total of
$1.2
million of loans secured by residential real estate mortgages that were in the process of foreclosure.