Note 4 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2011

Real Estate Owned [Text Block]

4. Other Real Estate Owned

OREO was as follows as of the date indicated:

December 31, (In thousands)	2011		2010
Construction and land development	$	21,951	$	18,016
Residential real estate		5,591		3,203
Farmland and other commercial enterprises		10,615		9,326
Total	$	38,157	$	30,545

OREO activity for 2011 and 2010 was as follows:

(In thousands)	2011			2010
Beginning balance	$	30,545		$	31,232
Transfers from loans		26,586			17,771
Proceeds from sales		(13,029	)		(13,564	)
Loss on sales		(516	)		(799	)
Write downs and other decreases, net		(5,429	)		(4,095	)
Ending balance	$	38,157		$	30,545