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Other Real Estate Owned (“OREO”)
 12 Months Ended
Dec. 31, 2022
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Other Real Estate Owned (“OREO”) Other Real Estate Owned (“OREO”)
The OREO balance consists of foreclosed residential properties from loans receivable that were marketed for sale. As of December 31, 2022 and 2021, no OREO was recorded. The following table presents an analysis of the activity in OREO for the years ended December 31, 2022, 2021 and 2020:
(In thousands)Year Ended December 31,
202220212020
Beginning balance$— $1,906 $2,400 
Additions— — — 
Sold— (1,906)(446)
Write-downs— — (48)
Ending balance$— $— $1,906 
All OREO were sold prior to December 31, 2021. Patriot recognized a gain of $2,000 on the sale of OREO for the year ended December 31, 2021. For the year ended December 31, 2020, Patriot recorded losses on sales of OREO properties of $69,000. The recognized gain and losses are included in the other operating expenses on the consolidated statements of operations.