OTHER REAL ESTATE OWNED ("OREO") (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Analysis of OREO activity

An analysis of OREO activity follows.

	Nine Months Ended September 30,				Years Ended December 31,
(dollars in thousands)	2020		2019		2019
Balance at beginning of year	$	7,773	$	8,111	$	8,111
Additions of underlying property	1,240		3,266		3,567
Disposals of underlying property	(2,838)		(416)		(3,004)
Valuation allowance	(2,177)		(766)		(901)
Balance at end of period	$	3,998	$	10,195	$	7,773

Expenses applicable to OREO assets

Expenses applicable to OREO assets included the following.

	Nine Months Ended September 30,
(dollars in thousands)	2020		2019
Valuation allowance	$	2,177	$	766
Losses (gains) on dispositions	7		(188)
Operating expenses	119		173
	$	2,303	$	751