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OTHER REAL ESTATE OWNED
6 Months Ended
Jun. 30, 2020
Real Estate [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, 2020 and the year ended December 31, 2019:

 

(Dollars are in thousands)   June 30,
2020
  December 31, 2019
Balance, beginning of period   $ 3,393     $ 5,937  
Additions     252       811  
Transfers from premises and equipment     —         683  
Proceeds from sales     (138 )     (1,322 )
Proceeds from insurance claims     —         (19 )
Loans made to finance sales     (428 )     (2,360 )
Adjustment of carrying value     (132 )     (214 )
Gains (losses) from sales     58       (123 )
Balance, end of period   $ 3,005     $ 3,393