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FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS (Tables)

9 Months Ended

Jun. 30, 2020

Real Estate [Abstract]

Schedule of Changes in Foreclosed Real Estate and Repossessed Assets

The following table provides an analysis of changes in foreclosed real estate and repossessed assets:


			Nine Months Ended June 30,
(Dollars in Thousands)			2020						2019
Balance, beginning of period			$	29,494					$	31,638
Additions			5,983						105
Reductions:
Write-downs			568						339
Net proceeds from sale			23,086						1,905
Gain (loss) on sale			(5,039)						15
Total reductions			28,693						2,229
Balance, ending of period			$	6,784					$	29,514

Schedule of Other Real Estate

The following table is a summary of the sale transaction, as reflected in the Company's financial statements:


(Dollars in Thousands)			June 30, 2020
Purchase price			$	23,083
Carrying value of OREO			28,122
Loss on sale			(5,039)
Deferred income recognized			1,096
Net impact			$	(3,943)