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OTHER REAL ESTATE OWNED
 6 Months Ended
Jun. 30, 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 June 30,
Six Months Ended June 30,
($ in thousands)
 
2018
 
2017
2018
 
2017
Balance at beginning of period
 
$
1,024

 
$
3,345

$
1,796

 
$
2,502

Additions
 
434

 
632

434

 
1,803

Sales and net direct write-downs
 
(992
)
 
(710
)
(1,711
)
 
(1,035
)
Net change in valuation allowance
 
244

 
—

191

 
(3
)
Balance at end of period
 
$
710

 
$
3,267

$
710

 
$
3,267


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 June 30,
 
Six Months Ended June 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Balance at beginning of period
 
$
295

 
$
9

 
$
242

 
$
6

Additions
 
—

 
—

 
143

 
9

Recoveries
 
—

 
—

 
(90
)
 
—

Net direct write-downs and removals from sale
 
(244
)
 
—

 
(244
)
 
(6
)
Balance at end of period
 
$
51

 
$
9

 
$
51

 
$
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 June 30,
 
Six Months Ended June 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Net gain (loss) on sales
 
$
(61
)
 
$
36

 
$
3

 
$
31

Operating expenses, net of rental income
 
(54
)
 
(9
)
 
(102
)
 
(13
)
Total
 
$
(115
)
 
$
27

 
$
(99
)
 
$
18


The Company did not provide loans to finance the purchase of its OREO properties during the three and six months ended June 30, 2018 or 2017.