Note 9 - Other Real Estate Owned

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Real Estate Owned [Text Block]

9

.

Other Real Estate Owned

Other real estate owned (“OREO”) was as follows for the dates indicated:

(In thousands)	March 31, 2018		December 31, 2017
Construction and land development	$	4,089	$	4,433
Residential real estate		35		157
Farmland and other commercial enterprises		963		899
Total	$	5,087	$	5,489

OREO activity for the

three

months ended

March 31, 2018

and

2017

was as follows:

Three months ended March 31, (In thousands)	2018			2017
Beginning balance	$	5,489		$	10,673
Transfers from loans and other increases		104			193
Proceeds from sales		(430	)		(2,871	)
(Loss) gain on sales, net		(43	)		115
Write downs and other decreases, net		(33	)		(110	)
Ending balance	$	5,087		$	8,000

At

March 31, 2018,

the Company had a total of

$136

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