Annual report pursuant to Section 13 and 15(d)

Note 4 - Foreclosed Properties

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Note 4 - Foreclosed Properties
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Real Estate Disclosure [Text Block]
NOTE
4.
FORECLOSED PROPERTIES
 
Other real estate and certain other assets acquired in foreclosure are carried at the lower of the recorded investment in the loan or fair value less estimated costs to sell the property.
 
An analysis of foreclosed properties for the years ended
December 31, 2018,
2017
and
2016
follows:
 
    2018   2017   2016
    (In Thousands)
Balance at beginning of year   $
6,701
     $
4,988
     $
5,392
  
Transfers from loans and capitalized expenses    
3,087
      
4,685
      
4,112
  
Foreclosed properties sold    
(3,934
 )    
(2,982
 )    
(3,931
 )
Writedowns and partial liquidations    
(685
 )    
10
      
(585
 )
Balance at end of year   $
5,169
     $
6,701
     $
4,988