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FORECLOSED ASSETS
 9 Months Ended
Sep. 30, 2024
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2024202320242023
Beginning balance$320 $3,080 $852 $3,030 
Acquired— — — 271 
Transfers from loans278 879 652 1,049 
Proceeds from sales(178)(2,990)(1,143)(3,274)
Net gain on sales10 564 105 632 
Direct write-downs(54)(14)(90)(189)
Ending balance$376 $1,519 $376 $1,519 
Gains (losses) on foreclosed assets included the following:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2024202320242023
Direct write-downs$(54)$(14)$(90)$(189)
Net gain on sales10 564 105 632 
Gains (losses) on foreclosed assets$(44)$550 $15 $443 
As of September 30, 2024, there were $0.2 million 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 September 30, 2024, there were 24 one-to-four family residential real estate loans in the process of foreclosure totaling $1.9 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.