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FORECLOSED ASSETS (Tables)

3 Months Ended

Mar. 31, 2021

FORECLOSED ASSETS

Schedule of foreclosed assets activity

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​	​	​	​	​	​	​
​	​	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.

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- Definition

Tabular disclosure of gain loss on sale of foreclosed assets

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- References

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