Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED

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OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2018
Other Real Estate [Abstract]  
OTHER REAL ESTATE OWNED

Note 6

OTHER REAL ESTATE OWNED

The following table presents other real estate owned activity at of December 31,

(Dollars in Thousands) 2018 2017 2016
Beginning Balance $ 3,941 $ 10,638 $ 19,290
Additions 2,140 2,384 4,016
Valuation Write-Downs (1,046) (1,318) (2,363)
Sales (2,793) (7,496) (10,305)
Other (13) (267) -
Ending Balance $ 2,229 $ 3,941 $ 10,638

Net expenses applicable to other real estate owned for the three years ended December 31, was as follows:
(Dollars in Thousands) 2018 2017 2016
Gains from the Sale of Properties $ (2,288) $ (1,054) $ (410)
Losses from the Sale of Properties 307 518 1,272
Rental Income from Properties (12) (76) (88)
Property Carrying Costs 505 429 511
Valuation Adjustments 1,046 1,318 2,364
Total $ (442) $ 1,135 $ 3,649

At December 31, 2018, the Company had $1.2 million of loans secured by residential real estate in the process of foreclosure.