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OTHER REAL ESTATE OWNED
12 Months Ended
Dec. 31, 2018
Other Real Estate [Abstract]  
OTHER REAL ESTATE OWNED

5.  OTHER REAL ESTATE OWNED

At December 31, 2018, the Company did not have other real estate owned.  At December 31, 2017, the Company had other real estate owned, totaling $2.1 million.

The following table shows the activity in other real estate owned, excluding the valuation allowance, for the years ended December 31:

 

(In thousands)

 

2018

 

 

2017

 

Balance, beginning of year

 

$

2,090

 

 

$

534

 

OREO properties added

 

 

 

 

 

2,090

 

Sales during year

 

 

(2,090

)

 

 

(534

)

Balance, end of year

 

$

 

 

$

2,090

 

 

The following table shows the activity in the valuation allowance for the years ended December 31:

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Balance, beginning of year

 

$

 

 

$

 

 

$

2,670

 

Additions charged to expense

 

 

232

 

 

 

 

 

 

 

Direct writedowns

 

 

(232

)

 

 

 

 

 

(2,670

)

Balance, end of year

 

$

 

 

$

 

 

$

 

 

The following table shows expenses related to other real estate owned for the years ended December 31:

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Net loss/(gain) on sales

 

$

58

 

 

$

 

 

$

(5

)

Provision for unrealized losses

 

 

232

 

 

 

 

 

 

 

Operating expenses, net of rental income

 

 

190

 

 

 

117

 

 

 

59

 

Total

 

$

480

 

 

$

117

 

 

$

54