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FORECLOSED ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
FORECLOSED ASSETS  
Schedule of foreclosed assets activity

Year Ended December 31, 

    

2022

    

2021

    

2020

(dollars in thousands)

Beginning balance

$

3,278

$

4,168

$

5,099

Transfers from loans

541

4,857

1,074

Capitalized improvements

6

Proceeds from sales

(475)

(5,805)

(2,079)

Sales through loan origination

(252)

(67)

Net gain on sales

118

505

348

Direct write-downs

(432)

(195)

(213)

Ending balance

$

3,030

$

3,278

$

4,168

Schedule of gains (losses) on foreclosed assets

Year Ended December 31, 

    

2022

    

2021

    

2020

(dollars in thousands)

Direct write-downs

$

(432)

$

(195)

$

(213)

Net gain on sales

118

505

348

Guarantee reimbursements

7

Gains (losses) on foreclosed assets

$

(314)

$

310

$

142