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FORECLOSED ASSETS (Tables)
9 Months Ended
Sep. 30, 2019
FORECLOSED ASSETS  
Schedule of foreclosed assets activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

    

2019

    

2018

    

2019

    

2018

 

 

(dollars in thousands)

Beginning balance

 

$

9,707

 

$

11,916

 

$

9,559

 

$

16,545

Transfers from loans

 

 

27

 

 

 —

 

 

1,788

 

 

1,889

Capitalized improvements

 

 

41

 

 

 —

 

 

41

 

 

 —

Proceeds from sales

 

 

(3,173)

 

 

(1,545)

 

 

(4,142)

 

 

(6,092)

Sales through loan origination

 

 

 —

 

 

 —

 

 

(360)

 

 

(1,174)

Net gain (loss) on sales

 

 

135

 

 

39

 

 

240

 

 

(281)

Direct write-downs

 

 

(163)

 

 

(234)

 

 

(552)

 

 

(711)

Ending balance

 

$

6,574

 

$

10,176

 

$

6,574

 

$

10,176