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OTHER REAL ESTATE OWNED
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2019 and 2018:
(dollars in thousands)
June 30,
2019
 
June 30,
2018
Beginning balance, January 1
$
7,218

 
$
8,464

Loans transferred to other real estate owned
443

 
1,691

Net gains (losses) on sale and write-downs recorded in statement of income
(327
)
 
(154
)
Sales proceeds
(2,165
)
 
(1,923
)
Other
—

 
(75
)
Ending balance
$
5,169

 
$
8,003


 
The following is a summary of the activity in purchased OREO during the six months ended June 30, 2019 and 2018:
(dollars in thousands) 
June 30,
2019
 
June 30,
2018
Beginning balance, January 1
$
9,535

 
$
9,011

Loans transferred to other real estate owned
2,432

 
556

Acquired in acquisitions
—

 
1,888

Portion of gains (losses) on sale and write-downs payable to (receivable from) the FDIC under loss-sharing agreements
(15
)
 
—

Net gains (losses) on sale and write-downs recorded in statement of income
243

 
(231
)
Sales proceeds
(2,689
)
 
(3,952
)
Ending balance
$
9,506

 
$
7,272