Note 6 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Real Estate Owned [Text Block]

6

.

Other Real Estate Owned

OREO was as follows as of

the date indicated:

December 31, (In thousands)	201 7		201 6
Construction and land development	$	4,433	$	7,996
Residential real estate		157		871
Farmland and other commercial enterprises		899		1,806
Total	$	5,489	$	10,673

OREO activity for

2017

and

2016

was as follows:

(In thousands)	201 7			201 6
Beginning balance	$	10,673		$	21,843
Transfers from loans and other increases		821			2,044
Proceeds from sales		(5,419	)		(11,289	)
Gain (l oss) on sales, net		208			(473	)
Write downs and other decreases, net		(794	)		(1,452	)
Ending balance	$	5,489		$	10,673

At

December 31,

2017,

the Company had a total of

$886

thousand of loans secured by residential real estate mortgages that were in the process of foreclosure.