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OTHER REAL ESTATE OWNED
 3 Months Ended
Mar. 31, 2018
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED
The following table presents the activity in OREO for the periods indicated:
 
 
Three Months Ended March 31,
($ in thousands)
 
2018
 
2017
Balance at beginning of period
 
$
1,796

 
$
2,502

Additions
 
—

 
1,171

Sales and net direct write-downs
 
(719
)
 
(325
)
Net change in valuation allowance
 
(53
)
 
(3
)
Balance at end of period
 
$
1,024

 
$
3,345


The following table presents the activity in the OREO valuation allowance included in All Other Expense in the Consolidated Statements of Operations for the periods indicated:
 
 
Three Months Ended March 31,
($ in thousands)
 
2018
 
2017
Balance at beginning of period
 
$
242

 
$
6

Additions
 
143

 
9

Recoveries
 
(90
)
 
—

Net direct write-downs and removals from sale
 
—

 
(6
)
Balance at end of period
 
$
295

 
$
9


The following table presents expenses related to foreclosed assets included in All Other Expense in the Consolidated Statements of Operations for the periods indicated:
 
 
Three Months Ended March 31,
($ in thousands)
 
2018
 
2017
Net gain (loss) on sales
 
$
64

 
$
(5
)
Operating expenses, net of rental income
 
(48
)
 
(4
)
Total
 
$
16

 
$
(9
)

The Company did not provide loans to finance the purchase of its OREO properties during the three months ended March 31, 2018 or 2017.