OTHER REAL ESTATE OWNED AND REPOSSESSIONS (Tables)

6 Months Ended

Jun. 30, 2022

OTHER REAL ESTATE OWNED AND REPOSSESSIONS

Schedule of Major classifications of other real estate owned

	June 30,		December 31,
	2022		2021
	(In Thousands)
Foreclosed assets held for sale and repossessions
One- to four-family construction	$	—	$	—
Subdivision construction		—		—
Land development		—		315
Commercial construction		—		—
One- to four-family residential		—		183
Other residential		—		—
Commercial real estate		—		—
Commercial business		—		—
Consumer		44		90
Foreclosed assets held for sale and repossessions		44		588
Other real estate owned not acquired through foreclosure		285		1,499
Other real estate owned and repossessions	$	329	$	2,087

Schedule of Expenses Applicable to Foreclosed Assets

	Three Months Ended
	June 30,
	2022		2021
	(In Thousands)
Net gains on sales of other real estate owned and repossessions	$	(137)	$	(123)
Valuation write-downs		8		2
Operating expenses, net of rental income		194		223
	$	65	$	102

	Six Months Ended
	June 30,
	2022		2021
	(In Thousands)
Net gains on sales of other real estate owned and repossessions	$	(143)	$	(169)
Valuation write-downs		23		83
Operating expenses, net of rental income		348		456
	$	228	$	370