Note 8 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Real Estate Owned [Text Block]

NOTE 8 - OTHER REAL ESTATE OWNED

The Bank had no OREO at December 31, 2023 and $120,000 in OREO at  December 31, 2022. Transactions in OREO for the years indicated are summarized as follows:

(Dollars in thousands)	2023			2022
Balance, beginning of year	$	120		$	130
Additions		—			—
Sales		(105	)		—
Write-downs		(15	)		(10	)
Balance, end of year	$	-		$	120

There was one OREO property sold during the year ended December 31, 2023 for gross proceeds of $107,000, which resulted in a related gain on sale of OREO in the amount of $2,000.  There were no sales of OREO property during the year ended December 31, 2022.