OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Real Estate Owned and Other Repossessed Assets

Real estate owned and other repossessed assets at March 31, 2019 and December 31, 2018 were as follows:

	March 31, 2019			December 31, 2018
	(Dollars in thousands)
Real estate owned and other repossessed assets	$	1,498		$	1,396
Valuation allowance		(318	)		(308	)
End of period	$	1,180		$	1,088

Valuation Allowance Related to Real Estate Owned

Activity in the valuation allowance was as follows:

	Three Months Ended
	March 31, 2019			March 31, 2018
	(Dollars in thousands)
Beginning of period	$	308		$	403
Additions charged to expense		19			23
Sales of real estate owned with a valuation allowance		(9	)		(139	)
End of period	$	318		$	287

Expenses Related to Foreclosed and Repossessed Assets

Expenses related to foreclosed and repossessed assets include:

	Three Months Ended
	March 31, 2019		March 31, 2018
	(Dollars in thousands)
Net loss on sales	$	12	$	55
Provision for unrealized losses		19		23
Operating expenses, net of rental income		39		36
Total expenses	$	70	$	114