Note 7 - Other Real Estate Owned

9 Months Ended

Sep. 30, 2013

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

7.           Other Real Estate Owned

The following represents Other Real Estate Owned (“OREO”) activity during the periods indicated:

	For the three months ended September 30,						For the nine months ended September 30,
	2013			2012			2013			2012
	(In thousands)
Balance at beginning of period	$	2,591		$	2,094		$	5,278		$	3,179
Acquisitions		1,785			1,910			4,543			3,541
Write-down of carrying value		(63	)		(82	)		(243	)		(285	)
Sales		(810	)		(262	)		(6,075	)		(2,775	)
Balance at end of period	$	3,503		$	3,660		$	3,503		$	3,660

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 September 30,						For the nine months ended September 30,
	2013			2012			2013			2012
	(In thousands)
Gross gains	$	192		$	12		$	433		$	57
Gross losses		-			-			(89	)		(189	)
Write-down of carrying value		(63	)		(82	)		(243	)		(285	)
Total	$	129		$	(70	)	$	101		$	(417	)