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OTHER REAL ESTATE OWNED | 12 Months Ended
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Dec. 31, 2019
Real Estate Owned, Disclosure of Detailed Components [Abstract] |
OTHER REAL ESTATE OWNED | OTHER REAL ESTATE OWNED The following table presents the activity in other real estate owned for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2019 |  | 2018 |  | 2017
Balance at beginning of year |  | $ | 672 |  |  | $ | 1,796 |  |  | $ | 2,502 |
Additions |  | 276 |  |  | 672 |  |  | 3,086 |
Sales and net direct write-downs |  | (803 | ) |  | (2,038 | ) |  | (3,556 | )
Net change in valuation allowance |  | (145 | ) |  | 242 |  |  | (236 | )
Balance at end of year |  | $ | — |  |  | $ | 672 |  |  | $ | 1,796 |
The following table presents the activity in the other real estate owned valuation allowance for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2019 |  | 2018 |  | 2017
Balance at beginning of year |  | $ | — |  |  | $ | 242 |  |  | $ | 6 |
Additions |  | 145 |  |  | 143 |  |  | 242 |
Recoveries |  | — |  |  | (90 | ) |  | — |
Net direct write-downs and removals from sale |  | (145 | ) |  | (295 | ) |  | (6 | )
Balance at end of year |  | $ | — |  |  | $ | — |  |  | $ | 242 |
The following table presents expenses related to foreclosed assets included in All Other Expense on the Consolidated Statements of Operations for the periods indicated:
|  | Year Ended December 31,
($ in thousands) |  | 2019 |  | 2018 |  | 2017
Net loss on sales |  | $ | 40 |  |  | $ | (13 | ) |  | $ | (48 | )
Operating expenses, net of rental income |  | — |  |  | (134 | ) |  | (51 | )
Total |  | $ | 40 |  |  | $ | (147 | ) |  | $ | (99 | )
We did not provide loans to finance the purchase of our OREO properties during the years ended December 31, 2019, 2018 or 2017.

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522 + Details
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