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Note 9 - Other Real Estate Owned
6 Months Ended
Jun. 30, 2013
Disclosure Text Block [Abstract]  
Real Estate Owned [Text Block]

9.Other Real Estate Owned


OREO was as follows as of the date indicated:


(In thousands)

 

June 30,

2013

   

December 31,

2012

 

Construction and land development

  $ 27,460     $ 32,360  

Residential real estate

    3,573       4,605  

Farmland and other commercial enterprises

    15,432       15,597  

Total

  $ 46,465     $ 52,562  

OREO activity for the six months ended June 30, 2013 and 2012 was as follows:


Six months ended June 30, (In thousands)

 

2013

   

2012

 

Beginning balance

  $ 52,562     $ 38,157  

Transfers from loans

    5,279       10,594  

Proceeds from sales

    (9,619 )     (7,929 )

Gain (loss) on sales, net

    280       (106 )

Write downs and other decreases, net

    (2,037 )     (1,150 )

Ending balance

  $ 46,465     $ 39,566