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Note 5 - Other Real Estate Owned
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Real Estate Owned [Text Block]
5
.
Other Real Estate Owned
 
OREO was as follows as of the date indicated:
 
December 31, (In thousands)
  
2016
    
2015
  
Construction and land development
   $
7,996
     $
12,997
  
Residential real estate
    
871
      
960
  
Farmland and other commercial enterprises
    
1,806
      
7,886
  
Total
   $
10,673
     $
21,843
  
 
OREO activity for
2016
and
2015
was as follows:
 
(In thousands)
  
2016
    
2015
  
Beginning balance
   $
21,843
     $
31,960
  
Transfers from loans and other increases
    
2,044
      
1,514
  
Proceeds from sales
    
(11,289
 )    
(10,342
 )
Loss on sales, net
    
(473
 )    
(188
 )
Write downs and other decreases, net
    
(1,452
 )    
(1,101
 )
Ending balance
   $
10,673
     $
21,843
  
 
At
December
31,
2016,
the Company had a total of
$661
thousand of loans secured by residential real estate mortgages that were in the process of foreclosure.