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Other Real Estate Owned
12 Months Ended
Dec. 31, 2020
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
Real Estate Owned Other Real Estate Owned
The Bank owned $499,000 and $678,000 in OREO at December 31, 2020 and 2019, respectively. Transactions in OREO for the years ended December 31, 2020, 2019 and 2018 are summarized below.
 202020192018
Balance, beginning of year$677,740 $722,442 $1,115,671 
Additions368,510 832,800 435,550 
Sales(532,640)(855,502)(772,779)
Write-downs(15,000)(22,000)(56,000)
Balance, end of year$498,610 $677,740 $722,442 

There was one mortgage loan collateralized by residential real estate property with a balance of $13,000 in the process of foreclosure at December 31, 2020 compared to none at December 31, 2019.