Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.19.3.a.u2
OTHER REAL ESTATE OWNED (Tables)
 12 Months Ended
Dec. 31, 2019
OTHER REAL ESTATE OWNED [Abstract]  
Period-End Other Real Estate Owned
Other real estate owned was as follows (dollars in thousands):

   
2019
    
2018
  
Beginning balance
  
$
4,183
    
$
9,140
  
Additions, transfers from loans
    
—
      
293
  
Proceeds from sales of other real estate owned
    
(589
)
    
(2,212
)
Valuation allowance reversal upon sale
    
(453
)
    
(2,893
)
Gain (loss) on sales of other real estate owned
    
(29
)
    
(145
)
     
3,112
      
4,183
  
Less: valuation allowance
    
(364
)
    
(803
)
Ending balance
  
$
2,748
    
$
3,380
  
Activity in Valuation Allowance
Activity in the valuation allowance was as follows (dollars in thousands):

   
2019
    
2018
  
Beginning balance
  
$
803
    
$
3,373
  
Additions charged to expense
    
14
      
323
  
Reversals upon sale
    
(453
)
    
(2,893
)
Ending balance
  
$
364
    
$
803