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Foreclosed Assets
 12 Months Ended
Dec. 31, 2019
Foreclosed Assets [Abstract]  
Foreclosed Assets

Note 8: Foreclosed Assets

The Company’s investment in foreclosed assets was $301 thousand at December 31, 2019. The Company did not have any investment in foreclosed assets at December 31, 2018. On its balance sheet, the Company presents foreclosed assets net of an allowance for losses. There was no allowance for losses on foreclosed assets at December 31, 2019. The Company did not record any loss provisions on foreclosed assets during the year ended December 31, 2019.

Expenses and income applicable to foreclosed assets include the following (dollars in thousands):





 

 

 

 

 

 



 

 

 

 

 

 



 

Foreclosed Asset
Expenses (Income)
for the years ended
December 31,



 

2019

 

2018

Net loss (gain) on sale of real estate

 

$

 —

 

$

 —

Provision for losses

 

 

 —

 

 

 —

Operating expenses, net of rental income

 

 

 97 

 

 

 —

Net expense (income)

 

$

 97 

 

$

 —