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FORECLOSED ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
FORECLOSED ASSETS  
Schedule of foreclosed assets activity

Year Ended December 31, 

    

2021

    

2020

    

2019

(dollars in thousands)

Beginning balance

$

4,168

$

5,099

$

9,559

Transfers from loans

4,857

1,074

2,520

Capitalized improvements

6

41

Proceeds from sales

(5,805)

(2,079)

(5,460)

Sales through loan origination

(252)

(67)

(2,046)

Net gain (loss) on sales

505

348

1,048

Direct write-downs

(195)

(213)

(563)

Ending balance

$

3,278

$

4,168

$

5,099

Schedule of gains (losses) on foreclosed assets

Year Ended December 31, 

    

2021

    

2020

    

2019

(dollars in thousands)

Direct write-downs

$

(195)

$

(213)

$

(563)

Net gain (loss) on sales

505

348

1,048

Guarantee reimbursements

7

80

Gain on settlement

375

Gains (losses) on foreclosed assets

$

310

$

142

$

940