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FORECLOSED ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

FORECLOSED ASSETS

Schedule of foreclosed assets activity

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​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2023			2022
​	​	(dollars in thousands)
Beginning balance	​	$	3,030	​	$	3,278
Acquired	​	​	271	​	​	—
Transfers from loans	​	​	105	​	​	19
Proceeds from sales	​	​	(40)	​	​	(294)
Net gain on sales	​	​	20	​	​	105
Direct write-downs	​	​	(30)	​	​	(65)
Ending balance	​	$	3,356	​	$	3,043

​

Schedule of gains (losses) on foreclosed assets

​

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2023			2022
​	​	(dollars in thousands)
Direct write-downs	​	$	(30)	​	$	(65)
Net gain on sales	​	​	20	​	​	105
Gains (losses) on foreclosed assets	​	$	(10)	​	$	40

​

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- Definition

Tabular disclosure of the change in foreclosed assets taken in settlement of troubled loans through surrender or foreclosure.

+ References

No definition available.

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- Definition

Tabular disclosure of gain loss on sale of foreclosed assets

+ References

No definition available.

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- References

No definition available.

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