Note 7 - Other Real Estate Owned

3 Months Ended

Mar. 31, 2013

Real Estate Owned [Text Block]

7.  Other Real Estate Owned

The following are changes in Other Real Estate Owned (“OREO”) during the periods indicated:

	For the three months ended March 31,
	2013			2012
	(In thousands)
Balance at beginning of period	$	5,278		$	3,179
Acquisitions		679			1,293
Write-down of carrying value		(65	)		(88	)
Sales		(3,703	)		(780	)
Balance at end of period	$	2,189		$	3,604

The following table shows the gross gains, gross losses and write-downs of OREO reported in the Consolidated Statements of Income during the periods indicated:

	For the three months ended March 31,
	2013			2012
	(In thousands)
Gross gains	$	201		$	45
Gross losses		(23	)		(110	)
Write-down of carrying value		(65	)		(88	)
Total	$	113		$	(153	)