OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended | |
|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Dec. 31, 2019 |
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| Other real estate owned [Roll Forward] | |||
| Beginning balance | $ 3,112 | $ 4,183 | $ 4,183 |
| Additions, transfers from loans | 0 | 0 | 0 |
| Proceeds from sales of other real estate owned | (92) | (382) | (589) |
| Valuation allowance reversal upon sale | 0 | (171) | (453) |
| Gain / (loss) on sales of other real estate owned | 0 | 79 | (29) |
| Ending balance, gross | 3,020 | 3,709 | 3,112 |
| Less: valuation allowance | (396) | (642) | (364) |
| Ending balance | 2,624 | 3,067 | 2,748 |
| Activity in valuation allowance [Roll Forward] | |||
| Beginning balance | 364 | 803 | 803 |
| Additions charged to expense | 32 | 10 | |
| Reversals upon sale | 0 | (171) | |
| Ending balance | $ 396 | $ 642 | $ 364 |
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- Definition The gross carrying amount as of the balance sheet date of other real estate and foreclosed assets. Other real estate may include real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. Foreclosed assets include all assets obtained in full or partial satisfaction of a debt arrangement through foreclosure proceedings. No definition available.
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- Definition Valuation reversal upon sale of other real estate and foreclosed assets. No definition available.
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- Definition The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of other real estate and foreclosed assets. Other real estate may include real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. Foreclosed assets include all assets obtained in full or partial satisfaction of a debt arrangement through foreclosure proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition The cash inflow from the sale assets received in full or partial satisfaction of a receivable including real and personal property; equity interests in corporations, partnerships, and joint ventures; and beneficial interests in trusts. Foreclosed assets also include loans that are treated as if the underlying collateral had been foreclosed because the institution has taken possession of the collateral, even though legal foreclosure or repossession proceedings have not taken place. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For each period for which an income statement is required, disclosure of the changes in the allowance, including balances at end of period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the valuation allowance for real estate owned that was applied in the period against the carrying amount of real estate owned that was sold, written down or written off. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense recognized in the income statement for a decrease in valuation of real estate owned (REO). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Value transferred from mortgage loans to real estate owned (REO) in noncash transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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