Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.20.2
OTHER REAL ESTATE OWNED (Tables)
 6 Months Ended
Jun. 30, 2020
OTHER REAL ESTATE OWNED [Abstract]  
Period-End Other Real Estate Owned
Other real estate owned was as follows (dollars in thousands):

   
Six
Months Ended
June 30,
2020
    
Year
Ended
December 31,
2019
    
Six
Months Ended
June 30,
2019
  
Beginning balance
  
$
3,112
    
$
4,183
    
$
4,183
  
Additions, transfers from loans
    
—
      
—
      
—
  
Proceeds from sales of other real estate owned
    
(92
)
    
(589
)
    
(382
)
Valuation allowance reversal upon sale
    
—
      
(453
)
    
(171
)
Gain / (loss) on sales of other real estate owned
    
—
      
(29
)
    
79
  
     
3,020
      
3,112
      
3,709
  
Less: valuation allowance
    
(396
)
    
(364
)
    
(642
)
Ending balance
  
$
2,624
    
$
2,748
    
$
3,067
  
Activity in Valuation Allowance
Activity in the valuation allowance was as follows (dollars in thousands):

   
Six
Months Ended
June 30,
2020
    
Six
Months Ended
June 30,
2019
  
Beginning balance
  
$
364
    
$
803
  
Additions charged to expense
    
32
      
10
  
Reversals upon sale
    
—
      
(171
)
Ending balance
  
$
396
    
$
642