XML 22 R12.htm IDEA: XBRL DOCUMENT

Other Real Estate Owned	6 Months Ended
Other Real Estate Owned	Jun. 30, 2025
Other Real Estate Owned [Abstract]
Other Real Estate Owned	Note 4—Other Real Estate Owned OREO was $1.2 million and $873,000 at June 30, 2025 and December 31, 2024, respectively, which includes property no longer utilized for business operations and property acquired through foreclosure proceedings. During the second quarter of June 30, 2025, the Company recorded $326,000 in other real estate owned. This OREO property includes a first lien in the amount of $140,000 which is reflected in other liabilities on the consolidated balance sheet. These properties are carried at fair value less selling costs determined at the date acquired. Losses, if any, arising from properties acquired through foreclosure are charged against the allowance for loan losses at the time of foreclosure. Subsequent declines in value, periodic holding costs, and net gains or losses on disposition are included in other operating expense as incurred.