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Note 6 - Other Real Estate Owned
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Other Real Estate Owned [Text Block]
6.
Other Real Estate Owned
 
       Other real estate owned consists of properties acquired as a result of foreclosures or deeds in-lieu-of foreclosure. Costs relating to the development or improvement of assets are capitalized, and costs relating to holding the property are charged to expense. As of
December 31, 2019
the balance of OREO is comprised of
five
properties.
 
The following table presents a reconciliation of other real estate owned for the years ended
December 31, 2019,
2018,
and
2017:
 
(dollars in thousands)
  
December 31
,
201
9
    
December 31,
201
8
    
December 31,
201
7
  
Beginning Balance, January 1
st
   $
6,223
     $
6,966
     $
10,174
  
Additions
    
1,225
      
315
      
291
  
Valuation adjustments
    
(646
 )    
(563
 )    
(3,000
 )
Dispositions
    
(5,072
 )    
(495
 )    
(499
 )
Ending Balance
   $
1,730
     $
6,223
     $
6,966