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Note 7 - Other Real Estate Owned	6 Months Ended
Jun. 30, 2015
Disclosure Text Block [Abstract]
Real Estate Owned [Text Block]	NOTE 7. OTHER REAL ESTATE OWNED OREO represents real estate which to the Bank has taken control in partial or full satisfaction of loans and properties originally acquired for branch expansion but no longer intended to be used for that purpose. OREO is recorded at fair value less costs to sell, which becomes the property’s new cost basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the ALLL. Any write-up in the fair value of the asset at the date of acquisition is reported as noninterest income unless there has been a prior charge off, in which case a recovery is credited to the ALLL. Thereafter, management periodically performs valuations and the property is carried at the lower of the cost or fair value less expected selling costs. Subsequent valuation adjustments are recognized under the line item Write down of other real estate owned in the Consolidated Statements of Operations. Net expenses incurred from OREO property are recorded in noninterest expense, in the Consolidated Statements of Operations. At June 30, 2015, and December 31, 2014, the recorded investment in OREO was $1.4 million and $502 thousand, respectively. For the six months ended June 30, 2015, the Company transferred eleven foreclosed properties in the amount of $3.2 million to OREO. During the six months ended June 30, 2015 the Company sold nine properties with a balance of $2.4 million for a net gain of $5 thousand. During June of 2015, the bank transferred land with a carrying value of $261 thousand previously held for construction of a new branch to OREO for disposition. The property was transferred to OREO at its fair value less expected selling costs resulting in a write down of $91 thousand recorded in noninterest expense. The June 30, 2015 OREO balance consists of four 1-4 family residential real estate properties in the amount of $283 thousand, three nonfarm nonresidential properties in the amount of $952 thousand and one undeveloped commercial property in the amount of $170 thousand. The recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure is $1.6 million.

Note 7 - Other Real Estate Owned

6 Months Ended

Jun. 30, 2015

NOTE 7. OTHER REAL ESTATE OWNED

OREO represents real estate which to the Bank has taken control in partial or full satisfaction of loans and properties originally acquired for branch expansion but no longer intended to be used for that purpose. OREO is recorded at fair value less costs to sell, which becomes the property’s new cost basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the ALLL. Any write-up in the fair value of the asset at the date of acquisition is reported as noninterest income unless there has been a prior charge off, in which case a recovery is credited to the ALLL. Thereafter, management periodically performs valuations and the property is carried at the lower of the cost or fair value less expected selling costs. Subsequent valuation adjustments are recognized under the line item Write down of other real estate owned in the Consolidated Statements of Operations. Net expenses incurred from OREO property are recorded in noninterest expense, in the Consolidated Statements of Operations.

At June 30, 2015, and December 31, 2014, the recorded investment in OREO was $1.4 million and $502 thousand, respectively. For the six months ended June 30, 2015, the Company transferred eleven foreclosed properties in the amount of $3.2 million to OREO. During the six months ended June 30, 2015 the Company sold nine properties with a balance of $2.4 million for a net gain of $5 thousand. During June of 2015, the bank transferred land with a carrying value of $261 thousand previously held for construction of a new branch to OREO for disposition. The property was transferred to OREO at its fair value less expected selling costs resulting in a write down of $91 thousand recorded in noninterest expense. The June 30, 2015 OREO balance consists of four 1-4 family residential real estate properties in the amount of $283 thousand, three nonfarm nonresidential properties in the amount of $952 thousand and one undeveloped commercial property in the amount of $170 thousand. The recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure is $1.6 million.

- Definition

The 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.

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