Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED (Tables)

v3.8.0.1
OTHER REAL ESTATE OWNED (Tables)
12 Months Ended
Dec. 31, 2017
Other Real Estate [Abstract]  
Schedule of other real estate owned activity
(Dollars in Thousands) 2017 2016 2015
Beginning Balance $ 10,638 $ 19,290 $ 35,680
Additions 2,384 4,016 5,752
Valuation Write-Downs (1,318) (2,363) (1,713)
Sales (7,496) (10,305) (20,155)
Other (267) - (274)
Ending Balance $ 3,941 $ 10,638 $ 19,290
Schedule of net expenses
Net expenses applicable to other real estate owned as of December 31, was as follows:
(Dollars in Thousands) 2017 2016 2015
Gains from the Sale of Properties $ (1,054) $ (410) $ (938)
Losses from the Sale of Properties 518 1,272 2,169
Rental Income from Properties (76) (88) (250)
Property Carrying Costs 429 511 2,277
Valuation Adjustments 1,318 2,364 1,713
Total $ 1,135 $ 3,649 $ 4,971