FORECLOSED ASSETS - Activity (Details) - USD ($) $ in Thousands |
3 Months Ended | |
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Mar. 31, 2021 |
Mar. 31, 2020 |
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FORECLOSED ASSETS | ||
Beginning balance | $ 4,168 | $ 5,099 |
Transfers from loans | 671 | 19 |
Proceeds from sales | (15) | (677) |
Net gain (loss) on sales | (3) | 75 |
Direct write-downs | (73) | (47) |
Ending balance | $ 4,748 | $ 4,469 |
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- Definition The amount of direct write down of foreclosed asset to reduce it's value with the intent to offset a loss or expense. No definition available.
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- Definition The net gain (loss) resulting from sale of foreclosed asset. No definition available.
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- References No definition available.
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- Definition The cash inflow from the sale assets received in full or partial satisfaction of a receivable including real and personal property; equity interests in corporations, partnerships, and joint ventures; and beneficial interests in trusts. Foreclosed assets also include loans that are treated as if the underlying collateral had been foreclosed because the institution has taken possession of the collateral, even though legal foreclosure or repossession proceedings have not taken place. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Value transferred out of real estate owned (REO) in noncash transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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