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OTHER REAL ESTATE OWNED
 3 Months Ended
Mar. 31, 2019
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED
NOTE 6 – OTHER REAL ESTATE OWNED
 
The following is a summary of the activity in OREO during the three months ended March 31, 2019 and 2018:
(dollars in thousands)
March 31,
2019
 
March 31,
2018
Beginning balance, January 1
$
7,218

 
$
8,464

Loans transferred to other real estate owned
264

 
1,176

Net gains (losses) on sale and write-downs recorded in statement of income
(100
)
 
101

Sales proceeds
(1,368
)
 
(495
)
Other
—

 
(75
)
Ending balance
$
6,014

 
$
9,171


 
The following is a summary of the activity in purchased OREO during the three months ended March 31, 2019 and 2018:
(dollars in thousands) 
March 31,
2019
 
March 31,
2018
Beginning balance, January 1
$
9,535

 
$
9,011

Loans transferred to other real estate owned
2,523

 
457

Portion of gains (losses) on sale and write-downs payable to (receivable from) the FDIC under loss-sharing agreements
(31
)
 
—

Net gains (losses) on sale and write-downs recorded in statement of income
91

 
(134
)
Sales proceeds
(1,242
)
 
(2,611
)
Other
(19
)
 
—

Ending balance
$
10,857

 
$
6,723