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OTHER REAL ESTATE HELD FOR SALE (Tables)
 12 Months Ended
Dec. 31, 2016
OTHER REAL ESTATE HELD FOR SALE  
Schedule of analysis of other real estate held for sale

An analysis of other real estate held for sale for the years ended December 31 is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Balance, January 1

 

$
2,324

 

$
3,010

 

Other real estate transferred from loans due to foreclosure

 

 
3,292

 

 
1,376

 

Other real estate acquired

 

 
1,205

 

 

 -

 

Proceeds from other real estate sold

 

 
(1,640)

 

 
(1,702)

 

Transfer to premise and equipment

 

 
(197)

 

 

 -

 

Writedowns of other real estate held for sale

 

 
(212)

 

 
(295)

 

Gain (loss) on sale of other real estate held for sale

 

 
10

 

 
(65)

 

 

 

 

 

 

 

 

 

Total other real estate held for sale

 

$
4,782

 

$
2,324