XML 33 R19.htm IDEA: XBRL DOCUMENT v3.20.4
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Other Real Estate Owned [Text Block] NOTE 11 – OTHER REAL ESTATE OWNED

The following table presents OREO inventory as of the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

(In thousands)

2020

 

2019

 

 

 

 

 

 

OREO

 

 

 

 

 

 

OREO balances, carrying value:

 

 

 

 

 

 

Residential (1)

$

32,418

 

$

46,912

 

Commercial

 

44,356

 

 

47,271

 

Construction

 

6,286

 

 

7,443

 

Total

$

83,060

 

$

101,626

 

 

 

(1)Excludes $18.6 million and $16.7 million as of December 31, 2020 and 2019, respectively, of foreclosures that meet the conditions of ASC Subtopic 310-40 “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” and are presented as a receivable as part of other assets in the consolidated statements of financial condition.