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OTHER REAL ESTATE OWNED
 3 Months Ended
Mar. 31, 2021
OTHER REAL ESTATE OWNED [Abstract]  
OTHER REAL ESTATE OWNED
NOTE 4 – OTHER REAL ESTATE OWNED
 
Other real estate owned was as follows (dollars in thousands):

  
Three
Months Ended
March 31,
2021
  
Year
Ended
December 31,
2020
  
Three
Months Ended
March 31,
2020
 
Beginning balance
 
$
2,731
  
$
3,112
  
$
3,112
 
Additions, transfers from loans
  
—
   
—
   
—
 
Proceeds from sales of other real estate owned
  
(148
)
  
(192
)
  
(91
)
Valuation allowance reversal upon sale
  
(94
)
  
(202
)
  
—
 
Gain / (loss) on sales of other real estate owned
  
(14
)
  
13
   
—
 
   
2,475
   
2,731
   
3,021
 
Less: valuation allowance
  
(104
)
  
(194
)
  
(395
)
Ending balance
 
$
2,371
  
$
2,537
  
$
2,626
 

Activity in the valuation allowance was as follows (dollars in thousands):

  
Three
Months Ended
March 31,
2021
  
Three
Months Ended
March 31,
2020
 
Beginning balance
 
$
194
  
$
364
 
Additions charged to expense
  
4
   
31
 
Reversals upon sale
  
(94
)
  
—
 
Ending balance
 
$
104
  
$
395