Quarterly report pursuant to Section 13 or 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.19.3
OTHER REAL ESTATE OWNED (Tables)
9 Months Ended
Sep. 30, 2019
OTHER REAL ESTATE OWNED [Abstract]  
Period-End Other Real Estate Owned
Other real estate owned was as follows (dollars in thousands):

   
Nine
Months Ended
September 30,
2019
   
Year
Ended
December 31,
2018
   
Nine
Months Ended
September 30,
2018
 
Beginning balance
 
$
4,183
   
$
9,140
   
$
9,140
 
Additions, transfers from loans
   
     
293
     
293
 
Proceeds from sales of other real estate owned
   
(340
)
   
(2,212
)
   
(2,146
)
Valuation allowance reversal upon sale
   
(171
)
   
(2,893
)
   
(2,891
)
Gain / (loss) on sales of other real estate owned
   
79
     
(145
)
   
(158
)
     
3,751
     
4,183
     
4,238
 
Less: valuation allowance
   
(642
)
   
(803
)
   
(773
)
Ending balance
 
$
3,109
   
$
3,380
   
$
3,465
 
Activity in Valuation Allowance
Activity in the valuation allowance was as follows (dollars in thousands):

   
Nine
Months Ended
September 30,
2019
   
Nine
Months Ended
September 30,
2018
 
Beginning balance
 
$
803
   
$
3,373
 
Additions charged to expense
   
10
     
291
 
Reversals upon sale
   
(171
)
   
(2,891
)
Ending balance
 
$
642
   
$
773