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FORECLOSED ASSETS
 9 Months Ended
Sep. 30, 2023
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Foreclosed Assets FORECLOSED ASSETS
Foreclosed assets activity is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2023202220232022
Beginning balance$3,080 $2,891 $3,030 $3,278 
Acquired— — 271 — 
Transfers from loans879 — 1,049 27 
Proceeds from sales(2,990)(29)(3,274)(476)
Net gain on sales564 20 632 118 
Direct write-downs(14)(245)(189)(310)
Ending balance$1,519 $2,637 $1,519 $2,637 
Gains (losses) on foreclosed assets includes the following:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2023202220232022
Direct write-downs$(14)$(245)$(189)$(310)
Net gain on sales564 20 632 118 
Gains (losses) on foreclosed assets$550 $(225)$443 $(192)
The carrying value of foreclosed one-to-four family residential real estate properties held was $0.6 million and $20 thousand as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023, there were 14 one-to-four family residential real estate loans in the process of foreclosure totaling $1.2 million. As of December 31, 2022, there were 4 one-to-four family residential real estate loans in the process of foreclosure totaling $0.2 million.