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FORECLOSED ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
FORECLOSED ASSETS  
Schedule of foreclosed assets activity

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

    

2020

    

2019

    

 

 

(dollars in thousands)

 

Beginning balance

 

$

5,099

 

$

9,559

 

Transfers from loans

 

 

19

 

 

1,408

 

Proceeds from sales

 

 

(677)

 

 

(511)

 

Sales through loan origination

 

 

 —

 

 

(269)

 

Net gain (loss) on sales

 

 

75

 

 

89

 

Direct write-downs

 

 

(47)

 

 

(125)

 

Ending balance

 

$

4,469

 

$

10,151

 

 

Schedule of gains (losses) on foreclosed assets

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

    

2020

    

2019

    

 

 

(dollars in thousands)

 

Direct write-downs

 

$

(47)

 

$

(125)

 

Net gain (loss) on sales

 

 

75

 

 

89

 

Guarantee reimbursements

 

 

 7

 

 

19

 

Gains (losses) on foreclosed assets

 

$

35

 

$

(17)