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REAL ESTATE ACQUIRED THROUGH FORECLOSURE (Tables)
6 Months Ended
Jun. 30, 2017
REAL ESTATE ACQUIRED THROUGH FORECLOSURE  
Activity In Real Estate Acquired Through Foreclosure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

 

    

2017

    

2016

    

2017

    

2016

    

Balance at beginning of period

 

$

564,678

 

$

1,501,896

 

$

1,224,939

 

$

1,459,732

 

New transfers from loans

 

 

600,517

 

 

181,276

 

 

659,876

 

 

266,776

 

Sales

 

 

 —

 

 

(152,551)

 

 

(656,895)

 

 

(152,551)

 

Write-downs

 

 

(17,649)

 

 

(63,517)

 

 

(80,374)

 

 

(106,853)

 

Balance at end of period

 

$

1,147,546

 

$

1,467,104

 

$

1,147,546

 

$

1,467,104