FORECLOSED ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

FORECLOSED ASSETS [Abstract]

Foreclosed Assets Activity

Foreclosed assets activity was as follows for the periods presented below (dollars in thousands):

	For the Year Ended December 31,
	2023			2022			2021
Beginning balance	$	169		$	1,032		$	1,353
Additions		2,302			764			927
Sales, net		(1,417	)		(1,627	)		(1,248	)
Current year valuation write-down		(142	)		—			—
Ending balance	$	912		$	169		$	1,032

Net Expenses Related to Foreclosed Assets

Net expenses related to foreclosed assets include the following for the periods presented below (dollars in thousands):

	For the Year Ended December 31,
	2023		2022			2021
Net gain on sales	$	—	$	(424	)	$	(44	)
Current year valuation write-down		142		—			—
Operating expenses, net of rental income		42		65			57
Foreclosed assets expense, net	$	184	$	(359	)	$	13