Note 9 - Other Real Estate Owned

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Real Estate Owned [Text Block]

9

.

Other Real Estate Owned

Other real estate owned (“OREO”) was as follows for the dates indicated:

(In thousands)	June 30, 2018		December 31, 2017
Construction and land development	$	3,050	$	4,433
Residential real estate		-		157
Farmland and other commercial enterprises		981		899
Total	$	4,031	$	5,489

OREO activity for the

six

months ended

June 30, 2018

and

2017

was as follows:

Six months ended June 30, (In thousands)	2018			2017
Beginning balance	$	5,489		$	10,673
Transfers from loans and other increases		126			345
Proceeds from sales		(1,013	)		(4,553	)
(Loss) gain on sales, net		(76	)		72
Write downs and other decreases, net		(495	)		(350	)
Ending balance	$	4,031		$	6,187

At

June 30, 2018,

the Company had a total of

$601

thousand of loans secured by residential real estate mortgages that were in the process of foreclosure.