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OTHER REAL ESTATE OWNED

12 Months Ended

Dec. 31, 2019

Other Real Estate Owned

OTHER REAL ESTATE OWNED

Note 9—OTHER REAL ESTATE OWNED

The following summarizes the activity in the other real estate owned for the years ended December 31, 2019 and 2018.

		December 31,
(In thousands)		2019				2018
Balance—beginning of year		$	1,460			$	1,934
Additions—foreclosures			—				346
Write-downs			—				—
Sales			50				820
Balance, end of year		$	1,410			$	1,460

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- References

No definition available.

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4437-111522

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