OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Tables)

3 Months Ended

Mar. 31, 2021

OTHER REAL ESTATE OWNED AND REPOSSESSIONS

Schedule of Major classifications of other real estate owned

	March 31,		December 31,
	2021		2020
	(In Thousands)
Foreclosed assets held for sale and repossessions
One- to four-family construction	$	—	$	—
Subdivision construction		169		263
Land development		250		250
Commercial construction		—		—
One- to four-family residential		111		111
Other residential		—		—
Commercial real estate		—		—
Commercial business		—		—
Consumer		174		153
		704		777
Foreclosed assets acquired through FDIC-assisted transactions, net of discounts		615		446
Foreclosed assets held for sale and repossessions, net		1,319		1,223
Other real estate owned not acquired through foreclosure		532		654
Other real estate owned and repossessions	$	1,851	$	1,877

Schedule of Expenses Applicable to Foreclosed Assets

	Three Months Ended
	March 31,
	2021		2020
	(In Thousands)
Net gains on sales of other real estate owned and repossessions	$	(46)	$	(96)
Valuation write-downs		82		163
Operating expenses, net of rental income		232		412
	$	268	$	479