OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS (Tables)

6 Months Ended

Jun. 30, 2019

Real estate owned and other repossessed assets at June 30, 2019 and December 31, 2018 were as follows:

	June 30, 2019			December 31, 2018
	(Dollars in thousands)
Real estate owned and other repossessed assets	$	1,113		$	1,396
Valuation allowance		(158	)		(308	)
End of period	$	955		$	1,088

Activity in the valuation allowance was as follows:

	Three Months Ended						For the six months ended
	June 30, 2019			June 30, 2018			June 30, 2019			June 30, 2018
	(Dollars in thousands)
Beginning of period	$	318		$	287		$	308		$	403
Additions charged to expense		17			10			36			33
Sales of real estate owned with a valuation allowance		(177	)		(49	)		(186	)		(188	)
End of period	$	158		$	248		$	158		$	248

Expenses related to foreclosed and repossessed assets include:

	Three Months Ended				For the six months ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
	(Dollars in thousands)
Net loss on sales	$	16	$	103	$	28	$	158
Provision for unrealized losses		17		10		36		33
Operating expenses, net of rental income		17		34		56		70
Total expenses	$	50	$	147	$	120	$	261