Note 8 - Other Real Estate Owned

6 Months Ended

Jun. 30, 2011

Real Estate Owned [Text Block]

8.  Other Real Estate Owned

OREO was as follows as of the date indicated.

(In thousands)	June 30,  2011	December 31 2010
Construction and land development	$20,764	$18,016
Residential real estate	6,112	3,203
Farmland and other commercial enterprises	7,834	9,326
Total	$34,710	$30,545

OREO activity for the six months ended June 30, 2011 and 2010 was as follows:

Six months ended June 30,  (In thousands)	2011			2010
Beginning balance	$	30,545		$	31,232
Transfers from loans		10,594			7,885
Proceeds from sales		(4,437	)		(9,165	)
Loss on sales		(427	)		(558	)
Write downs and other decreases, net		(1,565	)		(1,832	)
Ending balance	$	34,710		$	27,562