REO (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Real Estate Owned and Changes in Valuation Allowance

REO and changes in the valuation allowance for REO are presented in the tables below as of and for the periods indicated (in thousands):

REO

	As of December 31,
	2021			2020
Real estate owned, gross	$	1,416		$	2,559
Less:  Valuation allowance		574			627
Real estate owned, net	$	842		$	1,932
	As of and for the Years Ended December 31,
	2021			2020
Valuation allowance, beginning	$	627		$	653
Provision charged to expense		113			276
Reduction due to disposal		(166	)		(302	)
Valuation allowance, ending	$	574		$	627