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OTHER REAL ESTATE OWNED (Tables)
12 Months Ended
Dec. 31, 2017
Real Estate [Abstract]  
Other Real Estate

The following table summarizes the activity in other real estate owned for the years ended December 31, 2017 and 2016:

 

    2017   2016
(Dollars are in thousands)        
Balance, beginning of year $ 10,655 $ 12,398
Additions   3,087   4,577

Purchases of/improvements to

other real estate owned

 

 

-

 

 

48

Transfers of premises and equipment

to other real estate owned

 

 

125

 

 

-

Transfers of other real estate owned

to premises and equipment

 

 

 

-

 

 

(125)

Proceeds from sales of

other real estate owned

 

 

(4,742)

 

 

(4,232)

Proceeds from insurance claims   (12)   -

Loans made to finance sales of

Other real estate owned

 

 

(1,477)

 

 

(818)

Adjustment of carrying value   (758)   (1,414)
Deferred gain from sales   45   -
Gain (loss) from sales   (64)   221
Balance, end of year $ 6,859 $ 10,655