Note 5 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

5. Other Real Estate Owned

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

	For the years ended December 31,
	2013			2012			2011
	(In thousands)
Balance at beginning of year	$	5,278		$	3,179		$	1,588
Acquisitions		5,369			6,127			7,286
Reductions to carrying value		(243	)		(516	)		(209	)
Sales		(7,419	)		(3,512	)		(5,486	)
Balance at end of year	$	2,985		$	5,278		$	3,179

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

	For the years ended December 31,
	2013			2012			2011
	(In thousands)
Gross gains	$	443		$	78		$	357
Gross losses		(89	)		(255	)		(135	)
Write-down of carrying value		(243	)		(516	)		(209	)
Total	$	111		$	(693	)	$	13