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FORECLOSED ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2022
FORECLOSED ASSETS |
Schedule of foreclosed assets activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Beginning balance | ​ | $ | 3,278 | ​ | $ | 4,168
Transfers from loans | ​ | ​ | 19 | ​ | ​ | 671
Proceeds from sales | ​ | ​ | (294) | ​ | ​ | (15)
Net gain (loss) on sales | ​ | ​ | 105 | ​ | ​ | (3)
Direct write-downs | ​ | ​ | (65) | ​ | ​ | (73)
Ending balance | ​ | $ | 3,043 | ​ | $ | 4,748
Schedule of gains (losses) on foreclosed assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Direct write-downs | ​ | $ | (65) | ​ | $ | (73)
Net gain (loss) on sales | ​ | ​ | 105 | ​ | ​ | (3)
Gains (losses) on foreclosed assets | ​ | $ | 40 | ​ | $ | (76)

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- Definition Tabular disclosure of gain loss on sale of foreclosed assets + References No definition available. + Details
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