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OTHER REAL ESTATE OWNED

12 Months Ended

Dec. 31, 2018

Other Real Estate [Abstract]

OTHER REAL ESTATE OWNED

Note 6

OTHER REAL ESTATE OWNED

The following table presents other real estate owned activity at of December 31,

(Dollars in Thousands)		2018			2017			2016
Beginning Balance		$	3,941		$	10,638		$	19,290
Additions			2,140			2,384			4,016
Valuation Write-Downs			(1,046)			(1,318)			(2,363)
Sales			(2,793)			(7,496)			(10,305)
Other			(13)			(267)			-
Ending Balance		$	2,229		$	3,941		$	10,638

Net expenses applicable to other real estate owned for the three years ended December 31, was as follows:
(Dollars in Thousands)		2018			2017			2016
Gains from the Sale of Properties		$	(2,288)		$	(1,054)		$	(410)
Losses from the Sale of Properties			307			518			1,272
Rental Income from Properties			(12)			(76)			(88)
Property Carrying Costs			505			429			511
Valuation Adjustments			1,046			1,318			2,364
Total		$	(442)		$	1,135		$	3,649

At December 31, 2018, the Company had $1.2 million of loans secured by residential real estate in the process of foreclosure.

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- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

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