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Note 5 - Foreclosed Properties
 3 Months Ended
Mar. 31, 2013
Valuation Allowance On Foreclosed Properties [Text Block]
Note 5. Foreclosed Properties

Changes in foreclosed properties for the three months ended March 31, 2013 were as follows:

(Dollars In Thousands)
 
Other Real
Estate Owned
   
Valuation
Allowance
   
Net
 
Balance at the beginning of the year
 
$
9,513
   
$
(575
)
 
$
8,938
 
Additions
   
627
     
—
     
627
 
Writedowns
   
—
     
—
 
   
—
 
Sales
   
(130
)
   
5
     
(125
)
Balance at the end of the year
 
$
10,010
   
$
(570
)
 
$
9,440
 

Changes in foreclosed properties for the three months ended March 31, 2012  were as follows:

(Dollars In Thousands)
 
Other Real
Estate Owned
   
Valuation
Allowance
   
Net
 
Balance at the beginning of the year
 
$
9,893
   
$
(331
)
 
$
9,562
 
Additions
   
—
     
—
     
—
 
Writedowns
   
—
     
—
 
   
—
 
Sales
   
(492
)
   
137
     
(355
)
Balance at the end of the year
 
$
9,401
   
$
(194
)
 
$
9,207
 

The major classifications of other real estate owned in the consolidated balance sheets at March 31, 2013 and December 31, 2012 were as follows:

(Dollars In Thousands)
 
March 31,
2013
   
December 31,
2012
 
Construction loans:
           
Residential
 
$
587
   
$
588
 
Land acquisition, development & commercial
   
3,467
     
3,591
 
Real estate:
               
Residential
   
546
     
182
 
Commercial
   
3,053
     
2,905
 
Commercial, Industrial & agricultural
   
1,164
     
1,164
 
Equity lines
   
623
     
508
 
   
$
9,440
   
$
8,938