OTHER REAL ESTATE HELD FOR SALE

12 Months Ended

Dec. 31, 2020

OTHER REAL ESTATE HELD FOR SALE

OTHER REAL ESTATE HELD FOR SALE

NOTE 6 — 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):

	2020		2019
Balance, January 1	$	2,194	$	3,119
Other real estate transferred from loans due to foreclosure		874		1,629
Proceeds from other real estate sold		(1,338)		(1,329)
Transfer to premise and equipment		—		(1,013)
Writedowns of other real estate held for sale		(65)		(347)
Gain on sale of other real estate held for sale		87		135
Total other real estate held for sale	$	1,752	$	2,194

Foreclosed residential real estate property of $.453 million is included in other real estate as of December 31, 2020. The recorded investment in consumer mortgage loans secured by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdictions was $.151 million as of December 31, 2020.