Note 10 - Foreclosed Real Estate and Repossessed Personal Property

6 Months Ended

Jun. 30, 2015

Foreclosed Real Estate And Repossessed Personal Property [Abstract]

Foreclosed Real Estate And Repossessed Personal Property [Text Block]

10.     Foreclosed Real Estate and Repossessed Personal Property

Composition

The following table summarizes foreclosed real estate and repossessed personal property at the dates indicated (in thousands).

	June 30,		December 31,
	2015		2014
Foreclosed real estate	$	5,291	$	5,949
Repossessed personal property		41		35
Total foreclosed real estate and repossessed personal property	$	5,332	$	5,984

Included in foreclosed real estate at June 30, 2015 were 54 residential lots with an aggregate net book value of $4.1 million, in three separate communities related to one real estate development.

Foreclosed Real Estate Activity

The following table summarizes changes in foreclosed real estate 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,
	2015			2014			2015			2014
Foreclosed real estate, beginning of period	$	5,756		$	7,490		$	5,949		$	7,502
Plus: new foreclosed real estate		10			665			1,900			1,120
Less: proceeds from sale of foreclosed real estate		(272	)		(209	)		(2,496	)		(473	)
Plus: net gain on sale of foreclosed real estate		86			7			354			50
Less: writedowns and losses charged to expense		(289	)		(618	)		(416	)		(864	)
Foreclosed real estate, end of period	$	5,291		$	7,335		$	5,291		$	7,335