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OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 30, 2019
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
NOTE 5 – OTHER REAL ESTATE OWNED
 
The following is a summary of the activity in OREO during the nine months ended September 30, 2019 and 2018:
(dollars in thousands)
September 30,
2019
 
September 30,
2018
Beginning balance, January 1
$
7,218

 
$
8,464

Loans transferred to other real estate owned
503

 
3,764

Net gains (losses) on sale and write-downs recorded in statement of income
(434
)
 
(470
)
Sales proceeds
(2,362
)
 
(2,321
)
Other
—

 
(62
)
Ending balance
$
4,925

 
$
9,375


 
The following is a summary of the activity in purchased OREO during the nine months ended September 30, 2019 and 2018:
(dollars in thousands) 
September 30,
2019
 
September 30,
2018
Beginning balance, January 1
$
9,535

 
$
9,011

Loans transferred to other real estate owned
3,908

 
2,434

Acquired in acquisitions
7,178

 
1,888

Portion of gains (losses) on sale and write-downs payable to (receivable from) the FDIC under loss-sharing agreements
(24
)
 
—

Net gains (losses) on sale and write-downs recorded in statement of income
276

 
(477
)
Sales proceeds
(5,086
)
 
(5,140
)
Other
(2
)
 
(24
)
Ending balance
$
15,785

 
$
7,692