Note 4 - Other Real Estate Owned

12 Months Ended

Dec. 31, 2012

Real Estate Owned [Text Block]

4.  Other Real Estate Owned

OREO was as follows as of the date indicated:

December 31, (In thousands)	2012		2011
Construction and land development	$	32,360	$	21,951
Residential real estate		4,605		5,591
Farmland and other commercial enterprises		15,597		10,615
Total	$	52,562	$	38,157

OREO activity for 2012 and 2011 was as follows:

(In thousands)	2012			2011
Beginning balance	$	38,157		$	30,545
Transfers from loans		33,913			26,586
Transfers from premises		212			-
Proceeds from sales		(15,636	)		(13,029	)
Loss on sales		(324	)		(516	)
Write downs and other decreases, net		(3,760	)		(5,429	)
Ending balance	$	52,562		$	38,157