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OTHER REAL ESTATE OWNED (Tables)
3 Months Ended
Mar. 31, 2024
OTHER REAL ESTATE OWNED [Abstract]  
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the OREO inventory as of the indicated dates:
March 31,2024
December 31, 2023
(In thousands)
OREO balances, carrying value:
Residential
(1)
$
16,706
$
20,261
Construction
1,681
1,601
Commercial
10,477
10,807
Total
$
28,864
$
32,669
(1)
Excludes $
13.4
 
million and $
16.6
 
million as of
 
March 31,2024 and
 
December 31, 2023,
 
respectively, of
 
foreclosures that met
 
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.