Annual report pursuant to Section 13 and 15(d)

OTHER REAL ESTATE OWNED

v3.22.0.1
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2021
Other Real Estate Owned [Abstract]  
OTHER REAL ESTATE OWNED
Note 9
OTHER REAL ESTATE
 
OWNED
The following table presents other real estate owned activity at December 31,
(Dollars in Thousands)
2021
2020
2019
Beginning Balance
$
808
$
953
$
2,229
Additions
1,717
2,297
1,298
Valuation
 
Write-Downs
(31)
(792)
(300)
Sales
(2,809)
(1,650)
(2,274)
Other
332
-
-
Ending Balance
$
17
$
808
$
953
Net expenses applicable to other real estate owned for the three years ended December
 
31, was as follows:
(Dollars in Thousands)
2021
2020
2019
Gains from the Sale of Properties
$
(1,711)
$
(1,218)
$
(244)
Losses from the Sale of Properties
18
33
159
Rental Income from Properties
-
-
(4)
Property Carrying Costs
174
497
335
Valuation
 
Adjustments
31
792
300
Total
$
(1,488)
$
104
$
546