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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2020
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Other Real Estate Owned |
7. | OTHER REAL ESTATE OWNED
The following table summarizes the activity related to total OREO for the periods presented.
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
|  | (Dollars in thousands) |
Balance, beginning of period |  | $ | 4,889 |  |  | $ | 420 |
Additions |  |  | - |  |  |  | 4,889 |
Dispositions |  |  | (797 | ) |  |  | (420 | )
Valuation adjustments |  |  | (700 | ) |  |  | - |
Balance, end of period |  | $ | 3,392 |  |  | $ | 4,889 |

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