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Other Real Estate Owned
6 Months Ended
Jun. 30, 2021
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Other Real Estate Owned Other Real Estate Owned
The following table presents activity in OREO for the periods indicated:
Three Months Ended June 30,
Six Months Ended June 30,
($ in thousands)2021202020212020
Balance at beginning of period$2,336 $376 $1,401 $— 
Additions— — 1,960 376 
Sales(2,336)— (3,361)— 
Net change in valuation allowance— — — — 
Balance at end of period$ $376 $ $376 
The following table presents activity in OREO valuation allowance for the periods indicated:
Three Months Ended June 30,
Six Months Ended June 30,
($ in thousands)2021202020212020
Balance at beginning of period$— $— $— $— 
Additions— — — — 
Net direct write-downs and removal from sale— — — — 
Balance at end of period$ $ $ $ 
The following table presents expenses related to OREOs for the periods indicated:
Three Months Ended June 30,
Six Months Ended June 30,
($ in thousands)2021202020212020
Net gain (loss) on sales$(2)$— $73 $— 
Operating expenses, net of rental income(18)— (81)— 
Total$(20)$ $(8)$ 
The Company did not provide loans to finance the sale of its OREO properties during the three and six months ended June 30, 2021 and 2020