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FORECLOSED REAL ESTATE
 9 Months Ended
Sep. 30, 2013
Foreclosed Real Estate [Abstract]  
Foreclosed Real Estate Disclosure [Text Block]
NOTE 5 – FORECLOSED REAL ESTATE
Changes in foreclosed real estate during the three and nine months ended September 30, 2013 and September 30, 2012 are as follows:
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
(In thousands)
 
2013
 
2012
 
2013
 
2012
 
Beginning Balance
 
$
234
 
$
402
 
$
735
 
$
873
 
Additions
 
 
707
 
 
94
 
 
954
 
 
356
 
Proceeds from dispositions
 
 
(51)
 
 
(140)
 
 
(674)
 
 
(804)
 
Loss on sales
 
 
(3)
 
 
-
 
 
(68)
 
 
(69)
 
Writedowns
 
 
-
 
 
-
 
 
(60)
 
 
-
 
Balance at end of period
 
$
887
 
$
356
 
$
887
 
$
356
 
The Company records the gain (loss) on sale of foreclosed real estate in the expenses on foreclosed properties, net category along with expenses for acquiring and maintaining foreclosed real estate properties.