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FORECLOSED ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2021
FORECLOSED ASSETS |
Schedule of foreclosed assets activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
Beginning balance | ​ | $ | 4,168 | ​ | $ | 5,099
Transfers from loans | ​ | ​ | 671 | ​ | ​ | 19
Proceeds from sales | ​ | ​ | (15) | ​ | ​ | (677)
Net gain (loss) on sales | ​ | ​ | (3) | ​ | ​ | 75
Direct write-downs | ​ | ​ | (73) | ​ | ​ | (47)
Ending balance | ​ | $ | 4,748 | ​ | $ | 4,469
Schedule of gains (losses) on foreclosed assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
Direct write-downs | ​ | $ | (73) | ​ | $ | (47)
Net gain (loss) on sales | ​ | ​ | (3) | ​ | ​ | 75
Guarantee reimbursements | ​ | ​ | — | ​ | ​ | 7
Gains (losses) on foreclosed assets | ​ | $ | (76) | ​ | $ | 35

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- Definition Tabular disclosure of the change in foreclosed assets taken in settlement of troubled loans through surrender or foreclosure. + References No definition available. + Details
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- Definition Tabular disclosure of gain loss on sale of foreclosed assets + References No definition available. + Details
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