2.4.0.8011 - Disclosure - NOTE 5 - OTHER REAL ESTATE OWNEDtruefalsefalse1false falsefalseContext_6ME__30-Jun-2013http://www.sec.gov/CIK0000353191duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_OtherRealEstateAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Other Real Estate [Abstract]2false 2us-gaap_RealEstateOwnedTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00NOTE 5 – OTHER REAL ESTATE OWNED   The Company had $16,324,000 and $22,423,000 in other real estate owned (“OREO”) at June 30, 2013 and December 31, 2012, respectively. Below is a table with details of the changes in OREO (in thousands): <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="3">June 30,</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">December 31,</td> <td style="text-align: center; font-weight: bold;"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2013</td> <td style="text-align: center; font-weight: bold;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2012</td> <td style="text-align: center; font-weight: bold;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt; width: 56%;">Beginning Balance</td> <td style="width: 5%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 15%;">22,423</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 5%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 15%;">20,106</td> <td style="text-align: left; width: 1%;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Properties transferred in</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">777</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">12,239</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;">Sales of property</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">(5,744</td> <td style="text-align: left;">)</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">(6,889</td> <td style="text-align: left;">)</td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Loss on sale or writedown of property</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">(1,132</td> <td style="text-align: left; padding-bottom: 1pt;">)</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">(3,033</td> <td style="text-align: left; padding-bottom: 1pt;">)</td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;">Total</td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right;">16,324</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right;">22,423</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> </tr> </table>   <div style="text-align: justify; margin: 0px; font: 10pt times new roman, times, serif;">The following table presents the components of OREO expense (in thousands):</div>   <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="6">Three months ended June 30,</td> <td style="text-align: center; font-weight: bold;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="6">Six months ended June 30,</td> <td style="text-align: center; font-weight: bold;"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2013</td> <td style="text-align: center; font-weight: bold;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2012</td> <td style="text-align: center; font-weight: bold;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2013</td> <td style="text-align: center; font-weight: bold;"></td> <td style="padding-bottom: 1pt; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2012</td> <td style="text-align: center; font-weight: bold;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt; width: 36%;">Operating expenses</td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 11%;">92</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 11%;">72</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 11%;">234</td> <td style="text-align: left; width: 1%;"></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;">$</td> <td style="text-align: right; width: 11%;">227</td> <td style="text-align: left; width: 1%;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt;">Provision for losses</td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">623</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">165</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">884</td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;">561</td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt;">Net, loss on disposal</td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">275</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">105</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">248</td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;">188</td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 10pt;">Total other real estate owned expense</td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right;">990</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right;">342</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right;">1,366</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;">$</td> <td style="border-bottom: black 2.5pt double; text-align: right;">976</td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 35 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=16397438&loc=d3e1424-110224 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 28 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Subparagraph 4 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Section 563c.102 -Paragraph 10 -Subparagraph a, b -Chapter V -Subsection I -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Audit and Accounting Guide (AAG) -Number AAG-DEP -Paragraph 2, 6, 9-11, 18, 20 -IssueDate 2006-05-01 -Chapter 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 7, 34 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Section 563c.102 -Paragraph 11 -Chapter V -Subsection I -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 40 -Section 40 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6905009&loc=d3e18511-111553 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 40 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6905009&loc=d3e18551-111553 false0OTHER REAL ESTATE OWNEDfalseNOTE 5 - OTHER REAL ESTATE OWNEDUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.novb.com/role/Note5OtherRealEstateOwned12