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FORECLOSED ASSETS (Tables)

3 Months Ended

Mar. 31, 2022

FORECLOSED ASSETS

Schedule of foreclosed assets activity

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​	​	​	​	​	​	​
​	​	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 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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