Note 8 - Other Real Estate Owned

3 Months Ended

Mar. 31, 2012

Real Estate Owned [Text Block]

8.  Other Real Estate Owned

OREO was as follows as of the date indicated:

(In thousands)	March 31, 2012		December 31, 2011
Construction and land development	$	25,460	$	21,951
Residential real estate		4,573		5,591
Farmland and other commercial enterprises		11,717		10,615
Total	$	41,750	$	38,157

OREO activity for the three months ended March 31, 2012 and 2011 was as follows:

Three months ended March 31,  (In thousands)	2012			2011
Beginning balance	$	38,157		$	30,545
Transfers from loans		7,239			5,525
Proceeds from sales		(2,895	)		(1,303	)
Loss on sales		(242	)		(170	)
Write downs and other decreases, net		(509	)		(226	)
Ending balance	$	41,750		$	34,371