XML 30 R15.htm IDEA: XBRL DOCUMENT v3.22.4
OTHER REAL ESTATE OWNED
 12 Months Ended
Dec. 31, 2022
OTHER REAL ESTATE OWNED [Abstract]  
OTHER REAL ESTATE OWNED [Text Block]
NOTE 7
–
OTHER REAL ESTATE
 
OWNED
The following table presents the OREO inventory as of the indicated dates:
December 31,
 
2022
2021
(In thousands)
OREO
OREO balances, carrying value:
Residential
(1)
$
24,025
$
29,533
Commercial
5,852
7,331
Construction
1,764
3,984
Total
$
31,641
$
40,848
(1)
Excludes $
23.5
 
million and
 
$
22.2
 
million
 
as of
 
December 31,
 
2022 and
 
2021,
 
respectively,
 
of foreclosures
 
that meet
 
the conditions
 
of ASC
 
Subtopic 310-40
 
and are
 
presented as
 
a
receivable as part of other assets in the consolidated statements
 
of financial condition.
See Note 25 - Fair Value
 
for information on write-downs recorded on
 
OREO properties during the years ended
 
December 31, 2022,
2021, and 2020.