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Annual report pursuant to Section 13 and 15(d)

Note 4 - Real Estate Acquired

v2.4.0.6
Note 4 - Real Estate Acquired
12 Months Ended
Dec. 31, 2012
Property, Plant and Equipment Disclosure [Text Block]
(4)ÌýÌýÌý Ìý Real Estate Acquired

Real estate acquired included the following activity for the years ended December 31, 2012 and 2011:

Ìý Ìý
2012
Ìý Ìý
2011
Ìý
Ìý Ìý
Acres
Ìý Ìý
Book Value
Ìý Ìý
Acres
Ìý Ìý
Book Value
Ìý
Balance at January 1:
Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý Ìý Ìý 10,793.23 Ìý Ìý $ 1,161,504 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Additions
Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý — Ìý
Sales
Ìý Ìý — Ìý Ìý Ìý — Ìý Ìý Ìý (668.45 ) Ìý Ìý (36,445 )
Balance at December 31:
Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý Ìý Ìý 10,124.78 Ìý Ìý $ 1,125,059 Ìý

No valuation allowance was necessary at December 31, 2012 and 2011.