OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS (Tables)

6 Months Ended

Jun. 30, 2018

Real estate owned and other repossessed assets at June 30, 2018 and December 31, 2017 were as follows:

	June 30, 2018			December 31, 2017
	(Dollars in thousands)
Real estate owned and other repossessed assets	$	1,125		$	1,656
Valuation allowance		(248	)		(403	)
End of period	$	877		$	1,253

Activity in the valuation allowance was as follows:

	Three Months Ended						Six Months Ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
	(Dollars in thousands)
Beginning of period	$	287		$	549		$	403		$	1,012
Additions (recoveries) charged to expense		10			—			33			(38	)
Sales of real estate owned with a valuation allowance		(49	)		(160	)		(188	)		(585	)
End of period	$	248		$	389		$	248		$	389

Expenses related to foreclosed and repossessed assets include:

	Three Months Ended				Six Months Ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
	(Dollars in thousands)
Net loss on sales	$	103	$	18	$	158	$	108
Provision for (recovery of) unrealized losses		10		—		33		(38	)
Operating expenses, net of rental income		34		23		70		85
Total expenses	$	147	$	41	$	261	$	155