FORECLOSED ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

FORECLOSED ASSETS

Schedule of foreclosed assets activity

	Year Ended December 31,
	2021		2020		2019
	(dollars in thousands)
Beginning balance	$	4,168	$	5,099	$	9,559
Transfers from loans		4,857		1,074		2,520
Capitalized improvements		—		6		41
Proceeds from sales		(5,805)		(2,079)		(5,460)
Sales through loan origination		(252)		(67)		(2,046)
Net gain (loss) on sales		505		348		1,048
Direct write-downs		(195)		(213)		(563)
Ending balance	$	3,278	$	4,168	$	5,099

Schedule of gains (losses) on foreclosed assets

	Year Ended December 31,
	2021		2020		2019
	(dollars in thousands)
Direct write-downs	$	(195)	$	(213)	$	(563)
Net gain (loss) on sales		505		348		1,048
Guarantee reimbursements		—		7		80
Gain on settlement		—		—		375
Gains (losses) on foreclosed assets	$	310	$	142	$	940