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

9 Months Ended

Sep. 30, 2021

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)	2021		2020		2020
Balance at beginning of year	$	3,109	$	7,773	$	7,773
Additions of underlying property	—		1,240		1,240
Disposals of underlying property	(932)		(2,838)		(2,882)
Valuation allowance	(641)		(2,177)		(3,022)
Balance at end of period	$	1,536	$	3,998	$	3,109

Expenses applicable to OREO assets

Expenses applicable to OREO assets included the following.

	Nine Months Ended September 30,
(dollars in thousands)	2021		2020
Valuation allowance	$	641	$	2,177
Losses (gains) on dispositions	(16)		7
Operating expenses	64		119
	$	689	$	2,303