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FORECLOSED ASSETS (Tables)
6 Months Ended
Jun. 30, 2020
FORECLOSED ASSETS  
Schedule of foreclosed assets activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

    

2020

    

2019

    

2020

    

2019

 

 

(dollars in thousands)

Beginning balance

 

$

4,469

 

$

10,151

 

$

5,099

 

$

9,559

Transfers from loans

 

 

308

 

 

353

 

 

327

 

 

1,761

Capitalized improvements

 

 

 6

 

 

 —

 

 

 6

 

 

 —

Proceeds from sales

 

 

(324)

 

 

(458)

 

 

(1,001)

 

 

(969)

Sales through loan origination

 

 

(67)

 

 

(91)

 

 

(67)

 

 

(360)

Net gain (loss) on sales

 

 

69

 

 

16

 

 

144

 

 

105

Direct write-downs

 

 

(11)

 

 

(264)

 

 

(58)

 

 

(389)

Ending balance

 

$

4,450

 

$

9,707

 

$

4,450

 

$

9,707

 

Schedule of gains (losses) on foreclosed assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

    

2020

    

2019

    

2020

    

2019

 

 

(dollars in thousands)

Direct write-downs

 

$

(11)

 

$

(264)

 

$

(58)

 

$

(389)

Net gain (loss) on sales

 

 

69

 

 

16

 

 

144

 

 

105

Guarantee reimbursements

 

 

 —

 

 

42

 

 

 7

 

 

61

Gain on settlement

 

 

 —

 

 

375

 

 

 —

 

 

375

Gains (losses) on foreclosed assets

 

$

58

 

$

169

 

$

93

 

$

152