Note 9 - Other Real Estate Owned

3 Months Ended

Mar. 31, 2013

Real Estate Owned [Text Block]

9.  Other Real Estate Owned

OREO was as follows as of the date indicated:

(In thousands)	March 31, 2013		December 31, 2012
Construction and land development	$	30,344	$	32,360
Residential real estate		3,895		4,605
Farmland and other commercial enterprises		14,891		15,597
Total	$	49,130	$	52,562

OREO activity for the three months ended March 31, 2013 and 2012 was as follows:

Three months ended March 31, (In thousands)	2013			2012
Beginning balance	$	52,562		$	38,157
Transfers from loans		1,374			7,239
Proceeds from sales		(4,067	)		(2,895	)
Gain (loss) on sales, net		269			(242	)
Write downs and other decreases, net		(1,008	)		(509	)
Ending balance	$	49,130		$	41,750