OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS (Tables)

9 Months Ended

Sep. 30, 2019

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

	September 30, 2019			December 31, 2018
	(Dollars in thousands)
Real estate owned and other repossessed assets	$	1,118		$	1,396
Valuation allowance		(170	)		(308	)
End of period	$	948		$	1,088

Activity in the valuation allowance was as follows:

	Three Months Ended					For the nine months ended
	September 30, 2019			September 30, 2018		September 30, 2019			September 30, 2018
	(Dollars in thousands)
Beginning of period	$	158		$	248	$	308		$	403
Additions charged to expense		26			49		62			82
Sales of real estate owned with a valuation allowance		(14	)		—		(200	)		(188	)
End of period	$	170		$	297	$	170		$	297

Expenses related to foreclosed and repossessed assets include:

	Three Months Ended					For the nine months ended
	September 30, 2019		September 30, 2018			September 30, 2019		September 30, 2018
	(Dollars in thousands)
Net loss on sales	$	29	$	(4	)	$	57	$	154
Provision for unrealized losses		26		49			62		82
Operating expenses, net of rental income		39		25			95		95
Total expenses	$	94	$	70		$	214	$	331