At December 31, 2020 and 2019, the Company had other real estate owned, net of valuation allowances, totaling $50,000.

The following table shows the activity in other real estate owned, excluding the valuation allowance, for the years ended December 31:

The following table shows the activity in the valuation allowance for the years ended December 31:

(In thousands)	2020		2019		2018
Balance, beginning of year	$	—	$	—	$	—
Additions charged to expense		—		—		232
Direct writedowns		—		—		(232	)
Balance, end of year	$	—	$	—	$	—

The following table shows expenses related to other real estate owned for the years ended December 31:

(In thousands)	2020		2019		2018
Net loss/(gain) on sales	$	—	$	—	$	58
Provision for unrealized losses		—		—		232
Operating expenses, net of rental income		22		9		190
Total	$	22	$	9	$	480