Annual report pursuant to Section 13 and 15(d)

Note 4 - Real Estate Acquired

v3.8.0.1
Note 4 - Real Estate Acquired
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Real Estate Disclosure [Text Block]
4
.
Real Estate Acquired
 
Real estate acquired included the following activity for the years ended
December 31,
201
7
and
2016
(dollars in thousands):
 
   
201
7
   
201
6
 
   
Acres
   
Book Value
   
Acres
   
Book Value
 
Balance at January 1:
   
10,064.78
    $
1,115
     
10,064.78
    $
1,115
 
                                 
Additions
   
     
     
     
 
Sales
   
     
     
     
 
Balance at December 31:
   
10,064.78
    $
1,115
     
10,064.78
    $
1,115
 
 
No
valuation allowance was necessary at
December 31,
201
7
and
2016.