7. Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2015

Tables/Schedules

Schedule of Change in Other Real Estate Owned

Activity in other real estate owned for the periods was as follows:

(in 000's)	Three Months Ended	Three Months Ended	Nine Months Ended	Nine Months Ended
	September 30, 2015	September 30, 2014	September 30, 2015	September 30, 2014
Beginning balance	$757	$420	$564	$433
Additions, transfers from loans	-	240	149	240
Sales	(38)	(29)	(83)	(29)
	715	631	630	644
Write-ups (downs)	-	-	89	(13)
Ending Balance	$719	$631	$719	$631

Schedule of Components of Other Real Estate Owned

The following schedule reflects the components of other real estate owned:

(in 000's)	September 30, 2015	December 31, 2014
Commercial real estate	$335	$191
Residential real estate	384	373
Total	$719	$564

Schedule of Components of Net Expense (income) of Other Real Estate Owned

The following table details the components of net expense (income) of other real estate owned:

	Three Months Ended	Three Months Ended	Nine Months Ended	Nine Months Ended
(in 000's)	September 30, 2015	September 30, 2014	September 30, 2015	September 30, 2014
Insurance	$4	$5	$13	$16
Professional fees	-	2	-	2
Real estate taxes	4	3	10	14
Utilities	1	1	2	3
Other	1	6	11	6
Transfer-in write-up	-	(47)	(89)	(47)
Impairment charges (net)	-	-	-	13
Total {verbose}	$10	$(30)	$(53)	$7