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OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Tables) | 6 Months Ended
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Jun. 30, 2022
OTHER REAL ESTATE OWNED AND REPOSSESSIONS |
Schedule of Major classifications of other real estate owned | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2022 | ​ | 2021
​ | ​ | (In Thousands)
Foreclosed assets held for sale and repossessions |  | ​ |  |  | ​ |
One- to four-family construction | ​ | $ | — | ​ | $ | —
Subdivision construction | ​ |  | — | ​ |  | —
Land development | ​ |  | — | ​ |  | 315
Commercial construction | ​ |  | — | ​ |  | —
One- to four-family residential | ​ |  | — | ​ |  | 183
Other residential | ​ |  | — | ​ |  | —
Commercial real estate | ​ |  | — | ​ |  | —
Commercial business | ​ |  | — | ​ |  | —
Consumer | ​ |  | 44 | ​ |  | 90
​ | ​ |  | ​ | ​ |  | ​
Foreclosed assets held for sale and repossessions | ​ |  | 44 | ​ |  | 588
​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned not acquired through foreclosure | ​ |  | 285 | ​ |  | 1,499
​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned and repossessions | ​ | $ | 329 | ​ | $ | 2,087
Schedule of Expenses Applicable to Foreclosed Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended
​ | ​ | June 30,
​ | ​ | 2022 |  | 2021
​ | ​ | (In Thousands)
Net gains on sales of other real estate owned and repossessions | ​ | $ | (137) | ​ | $ | (123)
Valuation write-downs | ​ |  | 8 | ​ |  | 2
Operating expenses, net of rental income | ​ |  | 194 | ​ |  | 223
​ | ​ | $ | 65 | ​ | $ | 102
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended
​ | ​ | June 30,
​ |  | 2022 |  | 2021
​ | ​ | (In Thousands)
Net gains on sales of other real estate owned and repossessions | ​ | $ | (143) |  | $ | (169)
Valuation write-downs | ​ |  | 23 |  | ​ | 83
Operating expenses, net of rental income | ​ |  | 348 |  | ​ | 456
​ | ​ | $ | 228 | ​ | $ | 370

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