Note 6 - Other Loans Held for Sale and Valuation Allowance

9 Months Ended

Sep. 30, 2013

Loans Held For Sale And Valuation Allowance Disclosure [Abstract]

Loans Held For Sale And Valuation Allowance Disclosure [Text Block]

6.     Other Loans Held for Sale and Valuation Allowance

At December 31, 2012, other loans held for sale consisted of two commercial real estate loans that were sold during the second quarter 2013 at a gain of $326 thousand.

The following table summarizes activity within other loans held for sale and the related valuation allowance at the dates and for the periods indicated (in thousands).

	Other loans held for sale, gross			Valuation allowance on other loans held for sale
Balance at December 31, 2012	$	2,288		$	1,512
Additions:
SBA loans transferred to other loans held for sale		2,015			-
Total additions		2,015			-
Reductions:
Proceeds from sales of other loans held for sale		2,614			1,512
Proceeds from sales of SBA loans		2,222			-
Gain on sales of other loans held for sale		(326	)		-
Gain on sales of SBA loans		(207	)		-
Total reductions		4,303			1,512
Balance at September 30, 2013	$	-		$	-

	Other loans held for sale, gross		Valuation allowance on other loans held for sale
Balance at December 31, 2011	$	16,739	$	2,561
Additions:
Gross loans transferred to other loans held for sale related to branch sales		7,508		-
SBA loans transferred to other loans held for sale		150		-
Other gross loans transferred to other loans held for sale		12,214		-
Writedowns on other loans held for sale included in valuation allowance, net		-		100
Total additions		19,872		100
Reductions:
Proceeds from sales of other loans held for sale		22,100		874
Transfers to foreclosed real estate		1,814		-
Other loans held for sale transferred to gross loans		1,327		9
Direct writedowns on other loans held for sale		2,434		-
Net paydowns		70		-
Total reductions		27,745		883
Balance at September 30, 2012	$	8,866	$	1,778