Note 7 - Other Real Estate Owned

3 Months Ended

Mar. 31, 2014

Disclosure Text Block [Abstract]

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,
	2014			2013
	(In thousands)
Balance at beginning of period	$	2,985		$	5,278
Acquisitions		115			679
Write-down of carrying value		(54	)		(65	)
Sales		(1,346	)		(3,703	)
Balance at end of period	$	1,700		$	2,189

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,
	2014			2013
	(In thousands)
Gross gains	$	54		$	201
Gross losses		(30	)		(23	)
Write-down of carrying value		(54	)		(65	)
Total net (loss) gain	$	(30	)	$	113