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OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 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 September 30,
Nine Months Ended September 30,
($ in thousands)
 
2018
 
2017
2018
 
2017
Balance at beginning of period
 
$
710

 
$
3,267

$
1,796

 
$
2,502

Additions
 
—

 
1,265

434

 
3,068

Sales and net direct write-downs
 
(327
)
 
(716
)
(2,038
)
 
(1,751
)
Net change in valuation allowance
 
51

 
(134
)
242

 
(137
)
Balance at end of period
 
$
434

 
$
3,682

$
434

 
$
3,682


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 September 30,
 
Nine Months Ended September 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Balance at beginning of period
 
$
51

 
$
9

 
$
242

 
$
6

Additions
 
—

 
134

 
143

 
143

Recoveries
 
—

 
—

 
(90
)
 
—

Net direct write-downs and removals from sale
 
(51
)
 
—

 
(295
)
 
(6
)
Balance at end of period
 
$
—

 
$
143

 
$
—

 
$
143


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 September 30,
 
Nine Months Ended September 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Net loss on sales
 
$
(16
)
 
$
(130
)
 
$
(13
)
 
$
(99
)
Operating expenses, net of rental income
 
(32
)
 
(11
)
 
(134
)
 
(24
)
Total
 
$
(48
)
 
$
(141
)
 
$
(147
)
 
$
(123
)

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