Note 6 - Other Loans Held for Sale and Valuation Allowance

6 Months Ended

Jun. 30, 2014

Loans Held For Sale And Valuation Allowance [Abstract]

Loans Held For Sale And Valuation Allowance [Text Block]

6.     Other Loans Held for Sale and Valuation Allowance

The following table summarizes the changes in net other loans held for sale at the dates and for the periods indicated (in thousands).

	At and for the three months ended June 30,					At and for the six months ended June 30,
	2014		2013			2014			2013
Other loans held for sale, net of valuation allowance, beginning of period	$	-	$	776		$	-		$	776
SBA loans transferred to other loans held for sale		-		285			1,166			2,015
Proceeds from sales of SBA loans		-		(319	)		(1,236	)		(2,222	)
Gain on sale of SBA loans		-		34			70			207
SBA loan activity		-		-			-			-
Proceeds from sales of other loans held for sale		-		(1,102	)		-			(1,102	)
Gain on sale of other loans held for sale		-		326			-			326
Other loans held for sale activity		-		(776	)		-			(776	)
Other loans held for sale, net of valuation allowance, end of period	$	-	$	-		$	-		$	-

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

	At and for the three months ended June 30,					At and for the six months ended June 30,
	2014		2013			2014		2013
Valuation allowance, beginning of period	$	-	$	1,512		$	-	$	1,512
Reduction resulting from sales of other loans held for sale		-		(1,512	)		-		(1,512	)
Valuation allowance, end of period	$	-	$	-		$	-	$	-

The Company originates loans partially guaranteed by the SBA, an agency of the U.S. government. The Company may sell the guaranteed portion of these loans into the secondary market.