Note 7 - Other Real Estate Owned

9 Months Ended

Sep. 30, 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 September 30,						For the nine months ended September 30,
	2014			2013			2014			2013
	(In thousands)
Balance at beginning of period	$	1,346		$	2,591		$	2,985		$	5,278
Acquisitions		5,143			1,785			5,749			4,543
Write-down of carrying value		-			(63	)		(5	)		(243	)
Sales		(697	)		(810	)		(2,937	)		(6,075	)
Balance at end of period	$	5,792		$	3,503		$	5,792		$	3,503

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,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Gross gains	$	-		$	192		$	132		$	433
Gross losses		(34	)		-			(65	)		(89	)
Write-down of carrying value		-			(63	)		(5	)		(243	)
Total	$	(34	)	$	129		$	62		$	101