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OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2019
Other Real Estate [Abstract]  
OTHER REAL ESTATE OWNED

5.  OTHER REAL ESTATE OWNED

At December 31, 2019, the Company had other real estate owned, net of valuation allowances, totaling $50,000.  At December 31, 2018, the Company did not have other real estate owned.  

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

 

(In thousands)

 

2019

 

 

2018

 

Balance, beginning of year

 

$

—

 

 

$

2,090

 

OREO properties added

 

 

386

 

 

 

—

 

Sales during year

 

 

(336

)

 

 

(2,090

)

Balance, end of year

 

$

50

 

 

$

—

 

 

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

 

(In thousands)

 

2019

 

 

2018

 

 

2017

 

Balance, beginning of year

 

$

—

 

 

$

—

 

 

$

—

 

Additions charged to expense

 

 

—

 

 

 

232

 

 

 

—

 

Direct writedowns

 

 

—

 

 

 

(232

)

 

 

—

 

Balance, end of year

 

$

—

 

 

$

—

 

 

$

—

 

 

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

 

(In thousands)

 

2019

 

 

2018

 

 

2017

 

Net loss/(gain) on sales

 

$

—

 

 

$

58

 

 

$

—

 

Provision for unrealized losses

 

 

—

 

 

 

232

 

 

 

—

 

Operating expenses, net of rental income

 

 

9

 

 

 

190

 

 

 

117

 

Total

 

$

9

 

 

$

480

 

 

$

117