Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.10.0.1
OTHER REAL ESTATE OWNED (Tables)
 12 Months Ended
Dec. 31, 2018
OTHER REAL ESTATE OWNED [Abstract]  
Period-End Other Real Estate Owned
Other real estate owned was as follows (dollars in thousands):

   
2018
    
2017
  
Beginning balance
  
$
9,140
    
$
22,864
  
Additions, transfers from loans
    
293
      
120
  
Proceeds from sales of other real estate owned
    
(2,212
)
    
(7,034
)
Valuation allowance reversal upon sale
    
(2,893
)
    
(7,367
)
Gain (loss) on sales of other real estate owned
    
(145
)
    
557
  
     
4,183
      
9,140
  
Less: valuation allowance
    
(803
)
    
(3,373
)
Ending balance
  
$
3,380
    
$
5,767
  
Activity in Valuation Allowance
Activity in the valuation allowance was as follows (dollars in thousands):

   
2018
    
2017
  
Beginning balance
  
$
3,373
    
$
10,611
  
Additions charged to expense
    
323
      
129
  
Reversals upon sale
    
(2,893
)
    
(7,367
)
Ending balance
  
$
803
    
$
3,373