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FORECLOSED ASSETS
 3 Months Ended
Mar. 31, 2025
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
FORCLOSED ASSETS FORECLOSED ASSETS
Foreclosed assets activity was as follows:
Three Months Ended March 31,
(dollars in thousands)20252024
Beginning balance$367 $852 
Transfers from loans239 203 
Proceeds from sales(159)(865)
Net gain on sales27 113 
Direct write-downs(14)(26)
Ending balance$460 $277 
Gains (losses) on foreclosed assets included the following:
Three Months Ended March 31,
(dollars in thousands)20252024
Direct write-downs$(14)$(26)
Net gain on sales27 113 
Gains on foreclosed assets$13 $87 
As of March 31, 2025 and December 31, 2024, the carrying value of foreclosed one-to-four family residential real estate properties held was $0.4 million and $0.3 million, respectively. As of March 31, 2025, there were 11 one-to-four family residential real estate loans in the process of foreclosure totaling $1.1 million. As of December 31, 2024, there were 19 one-to-four family residential real estate loans in the process of foreclosure totaling $1.8 million.