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OTHER REAL ESTATE OWNED (Tables)
 12 Months Ended
Dec. 31, 2020
Other Real Estate [Abstract]  
Schedule of Activity in Other Real Estate Owned and Related Valuation Allowance

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

 

(In thousands)

 

2020

 

 

2019

 

Balance, beginning of year

 

$

50

 

 

$

—

 

OREO properties added

 

 

—

 

 

 

386

 

Sales during year

 

 

—

 

 

 

(336

)

Balance, end of year

 

$

50

 

 

$

50

 

 

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

 

(In thousands)

 

2020

 

 

2019

 

 

2018

 

Balance, beginning of year

 

$

—

 

 

$

—

 

 

$

—

 

Additions charged to expense

 

 

—

 

 

 

—

 

 

 

232

 

Direct writedowns

 

 

—

 

 

 

—

 

 

 

(232

)

Balance, end of year

 

$

—

 

 

$

—

 

 

$

—

 
Schedule of Expenses Related to Other Real Estate Owned

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

 

(In thousands)

 

2020

 

 

2019

 

 

2018

 

Net loss/(gain) on sales

 

$

—

 

 

$

—

 

 

$

58

 

Provision for unrealized losses

 

 

—

 

 

 

—

 

 

 

232

 

Operating expenses, net of rental income

 

 

22

 

 

 

9

 

 

 

190

 

Total

 

$

22

 

 

$

9

 

 

$

480