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 [Abstract]  
Schedule of other real estate owned activity
Three Months Ended September 30, Nine Months Ended September 30,
(Dollars in Thousands) 2019 2018 2019 2018
Beginning Balance $ 1,010 $ 3,373 $ 2,229 $ 3,941
Additions 104 420 792 1,260
Valuation Write-downs (35) (224) (266) (856)
Sales (553) (849) (2,229) (1,625)
Ending Balance $ 526 $ 2,720 $ 526 $ 2,720
Schedule of net expenses
Net expenses applicable to other real estate owned include the following:
Three Months Ended September 30, Nine Months Ended September 30,
(Dollars in Thousands) 2019 2018 2019 2018
Gains from the Sale of Properties $ (148) $ (46) $ (240) $ (127)
Losses from the Sale of Properties 73 70 139 212
Rental Income from Properties - (3) (3) (9)
Property Carrying Costs 46 102 282 289
Valuation Adjustments 35 224 266 856
Total $ 6 $ 347 $ 444 $ 1,221