Note 5 - Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 2015

Disclosure Text Block [Abstract]

Schedule Reflecting Components of OREO [Table Text Block]

	June 30,		December 31,
(in thousands)	2015		2014
Land/lots	$	925	$	1,287
Commercial real estate		788		941
Residential real estate		27		27
Total other real estate owned	$	1,740	$	2,255

Other Real Estate Owned Roll Forward [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2015			2014			2015			2014
Balance, beginning of period	$	2,369		$	3,422		$	2,255		$	4,246
Property foreclosures		-			13			149			13
Bank premises transferred to OREO		-			1,749			-			1,749
Valuation adjustments		(118	)		(1,717	)		(130	)		(1,770	)
Carrying value of OREO sold		(511	)		(285	)		(534	)		(1,056	)
Balance, end of period	$	1,740		$	3,182		$	1,740		$	3,182

Schedule of Components of Net Expense of Other Real Estate [Table Text Block]

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2015			2014			2015			2014
Insurance	$	18		$	13		$	32		$	40
Legal fees		19			15			39			24
Maintenance		3			5			3			15
Professional fees		1			68			1			78
Real estate taxes		(13	)		46			13			95
Utilities		3			1			13			4
Other		(1	)		-			17			5
Valuation adjustments		118			1,717			130			1,770
Total expense		148			1,865			248			2,031
Income from the operation of foreclosed properties		(1	)		(47	)		(1	)		(50	)
Net expense of OREO	$	147		$	1,818		$	247		$	1,981