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OTHER REAL ESTATE HELD FOR SALE (Tables)
12 Months Ended
Dec. 31, 2017
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):

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

 

 

 

 

 

 

 

 

 

Balance, January 1

 

$

4,782

 

$

2,324

 

Other real estate transferred from loans due to foreclosure

 

 

2,147

 

 

3,292

 

Other real estate acquired

 

 

 —

 

 

1,205

 

Proceeds from other real estate sold

 

 

(2,983)

 

 

(1,640)

 

Transfer to premise and equipment

 

 

 —

 

 

(197)

 

Writedowns of other real estate held for sale

 

 

(307)

 

 

(212)

 

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

 

 

(81)

 

 

10

 

 

 

 

 

 

 

 

 

Total other real estate held for sale

 

$

3,558

 

$

4,782