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FORECLOSED ASSETS
 6 Months Ended
Jun. 30, 2024
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2024202320242023
Beginning balance$277 $3,356 $852 $3,030 
Acquired— — — 271 
Transfers from loans171 65 374 170 
Proceeds from sales(100)(244)(965)(284)
Net gain (loss) on sales(18)48 95 68 
Direct write-downs(10)(145)(36)(175)
Ending balance$320 $3,080 $320 $3,080 
Gains (losses) on foreclosed assets included the following:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2024202320242023
Direct write-downs$(10)$(145)$(36)$(175)
Net gain (loss) on sales(18)48 95 68 
Gains (losses) on foreclosed assets$(28)$(97)$59 $(107)
As of June 30, 2024, there were no foreclosed one-to-four family residential real estate properties held. As of December 31, 2023, the carrying value of foreclosed one-to-four family residential real estate properties was $0.1 million.
As of June 30, 2024, there were 20 one-to-four family residential real estate loans in the process of foreclosure totaling $1.7 million. As of December 31, 2023, there were 16 one-to-four family residential real estate loans in the process of foreclosure totaling $1.2 million.