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OTHER REAL ESTATE OWNED
12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
OTHER REAL ESTATE OWNED

NOTE 14 OTHER REAL ESTATE OWNED

 

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

 

    2019   2018
(Dollars are in thousands)                
Balance, beginning of year   $ 5,937     $ 6,859  
Additions     811       1,719  
Transfers from premises and equipment     683       —    
Proceeds from sales     (1,322 )     (1,405 )
Proceeds from insurance claims     (19 )     —    
Loans made to finance sales     (2,360 )     (569 )
Adjustment of carrying value     (214 )     (542 )
Deferred gain from sales     —         10  
Losses from sales     (123 )     (135 )
Balance, end of year   $ 3,393     $ 5,937