Note 11 - Sale of Foreclosed Real Estate

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Real Estate Disclosure [Text Block]

11. Sale of Foreclosed Real Estate

Foreclosed real estate at

June 30, 2019

includes

one

commercial property valued at

$2.8

million. On

June 6, 2019,

the Company signed a Purchase Agreement to sell the property for

$2.8

million, net of broker commissions and other costs, and wrote the property down to its net realizable value. The sale of the property was completed on

July 19, 2019.