Other Real Estate Owned

12 Months Ended

Dec. 31, 2020

Summary of Significant Accounting Policies.

Other Real Estate Owned

6. Other Real Estate Owned

The following table shows the activity in OREO during the periods indicated:

	For the years ended December 31,
	2020		2019		2018
	(In thousands)
Balance at beginning of year	$	239	$	—	$	—
Additions		—		239		638
Reductions to carrying value		(31)		—		—
Sales		(208)		—		(638)
Balance at end of year	$	—	$	239	$	—

The following table shows the gross gains, gross losses and write-downs of OREO reported in the Consolidated Statements of Income during the periods presented:

	For the years ended December 31,
	2020		2019		2018
	(In thousands)
Gross gains	$	—	$	—	$	27
Gross losses		(5)		—		—
Write-down of carrying value		(31)		—		—
Total income	$	(36)	$	—	$	27