Annual report pursuant to Section 13 and 15(d)

Foreclosed Real Estate

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Foreclosed Real Estate
12 Months Ended
Dec. 31, 2011
Other Real Estate and Foreclosed Assets [Abstract]  
Real Estate Disclosure [Text Block]

NOTE 5 – Foreclosed Real Estate

 

At year end, foreclosed real estate is summarized below:

 

    (Dollars in thousands)  
    2011     2010  
Commercial real estate and other dwellings   $ 569     $ 563  
Residential real estate     554       931  
Construction and land development     1,334       1,804  
Total   $ 2,457     $ 3,298