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Other Real Estate Owned
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Other Real Estate Owned

NOTE 8 - OTHER REAL ESTATE OWNED

The following table presents the activity related to OREO at and for the years ended December 31:

 

 

 

 

 

 

 

 

 

At or For the Year Ended

 

 

December 31, 

 

    

2019

    

2018

 

 

 

 

 

 

 

Beginning balance

 

$

689

 

$

 —

Additions

 

 

242

 

 

689

Gross proceeds from sale of OREO

 

 

(901)

 

 

 —

Gain on sale of OREO

 

 

138

 

 

 —

Ending balance

 

$

168

 

$

689

 

There were $168,000 and $689,000 in OREO properties at December 31, 2019 and 2018, respectively.  Holding costs were $13,000 and $2,000 for the years ended December 31, 2019 and 2018, respectively.

There were $1.0 million and $261,000 in mortgage loans collateralized by residential real estate property in the process of foreclosure at December 31, 2019, and 2018, respectively.