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OTHER REAL ESTATE OWNED
6 Months Ended
Jun. 30, 2019
Other Real Estate Owned Abstract  
OTHER REAL ESTATE OWNED

NOTE 9 OTHER REAL ESTATE OWNED:

 

The following table summarizes the activity in other real estate owned for the six months ended June 30, 2019 and the year ended December 31, 2018:

 

      June 30,   December 31,
(Dollars are in thousands)     2019   2018
Balance, beginning of period $   5,937 $ 6,859
Additions     45   1,719
Proceeds from sales     (1,039)   (1,405)
Proceeds from insurance claims     (19)   -
Loans made to finance sales     (647)   (569)
Adjustment of carrying value     (214)   (542)
Deferred gain from sales     -   10
Losses from sales     (39)   (135)
Balance, end of period $   4,024 $ 5,937