OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Tables)

6 Months Ended

Jun. 30, 2021

OTHER REAL ESTATE OWNED AND REPOSSESSIONS

Schedule of Major classifications of other real estate owned

	June 30,		December 31,
	2021		2020
	(In Thousands)
Foreclosed assets held for sale and repossessions
One- to four-family construction	$	—	$	—
Subdivision construction		—		263
Land development		—		250
Commercial construction		—		—
One- to four-family residential		—		111
Other residential		—		—
Commercial real estate		—		—
Commercial business		—		—
Consumer		134		153
		134		777
Foreclosed assets acquired through FDIC-assisted transactions, net of discounts		615		446
Foreclosed assets held for sale and repossessions, net		749		1,223
Other real estate owned not acquired through foreclosure		284		654
Other real estate owned and repossessions	$	1,033	$	1,877

Schedule of Expenses Applicable to Foreclosed Assets

	Three Months Ended
	June 30,
	2021		2020
	(In Thousands)
Net gains on sales of other real estate owned and repossessions	$	(123)	$	(5)
Valuation write-downs		2		50
Operating expenses, net of rental income		223		223
	$	102	$	268

	Six Months Ended
	June 30,
	2021		2020
	(In Thousands)
Net gains on sales of other real estate owned and repossessions	$	(169)	$	(101)
Valuation write-downs		83		213
Operating expenses, net of rental income		456		635
	$	370	$	747