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Foreclosed Assets
 9 Months Ended
Sep. 30, 2020
Foreclosed Assets [Abstract]  
Foreclosed Assets

Note 8: Foreclosed Assets

The Company’s investment in foreclosed assets was $301 thousand at September 30, 2020 and December 31, 2019. 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 September 30, 2020. The Company did not record any loss provisions on foreclosed assets during the nine months ended September 30, 2020.  

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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

Foreclosed Asset Expenses (Income)

 

For the three months ended
September 30,

 

For the nine months ended
September 30,



 

2020

 

2019

 

2020

 

2019

Net loss (gain) on sale of real estate

 

$

 —

 

$

 —

 

$

 —

 

$

 —

Provision for losses

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Operating expenses, net of income

 

 

 —

 

 

 11 

 

 

 8 

 

 

 11 

Net expense (income)

 

$

 —

 

$

 11 

 

$

 8 

 

$

 11