Note 7 - Other Real Estate Owned

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Real Estate Owned [Text Block]

7. Other Real Estate Owned

During the

nine

months ended

September 30, 2018

we foreclosed on

one

residential real estate property for

$0.6

million. During the

three

months ended

September 30, 2018

and the

three

and

nine

months ended

September 30, 2017,

we did

not

foreclose on any consumer mortgages through in-substance repossession. We did

not

hold any foreclosed residential real estate properties at

September 30, 2018

and

December 31, 2017.

Included within net loans as of

September 30, 2018

and

December 31, 2017

was a recorded investment of

$8.1

million and

$10.5

million, respectively, of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction.