Note 8 - Other Real Estate Owned

6 Months Ended

Jun. 30, 2012

Real Estate Owned [Text Block]

8.  Other Real Estate Owned

OREO was as follows as of the date indicated:

(In thousands)	June 30,  2012		December 31, 2011
Construction and land development	$	22,881	$	21,951
Residential real estate		4,858		5,591
Farmland and other commercial enterprises		11,827		10,615
Total	$	39,566	$	38,157

OREO activity for the six months ended June 30, 2012 and 2011 was as follows:

Six months ended June 30,  (In thousands)	2012			2011
Beginning balance	$	38,157		$	30,545
Transfers from loans		10,594			10,594
Proceeds from sales		(7,929	)		(4,437	)
Loss on sales		(106	)		(427	)
Write downs and other decreases, net		(1,150	)		(1,565	)
Ending balance	$	39,566		$	34,710