Note 8 - Other Real Estate Owned

3 Months Ended

Mar. 31, 2014

Disclosure Text Block [Abstract]

Real Estate Owned [Text Block]

8.Other Real Estate Owned

Other real estate owned (“OREO”) was as follows as of the date indicated:

(In thousands)	March 31, 2014		December 31, 2013
Construction and land development	$	21,548	$	23,504
Residential real estate		2,730		2,695
Farmland and other commercial enterprises		11,166		11,627
Total	$	35,444	$	37,826

OREO activity for the three months ended March 31, 2014 and 2013 was as follows:

Three months ended March 31, (In thousands)	2014			2013
Beginning balance	$	37,826		$	52,562
Transfers from loans		335			1,374
Proceeds from sales		(1,901	)		(4,067	)
Gain on sales, net		90			269
Write downs and other decreases, net		(906	)		(1,008	)
Ending balance	$	35,444		$	49,130