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OTHER REAL ESTATE OWNED
3 Months Ended
Mar. 31, 2025
Real Estate [Abstract]  
OTHER REAL ESTATE OWNED

NOTE 10 OTHER REAL ESTATE OWNED

 

The following table summarizes the activity in other real estate owned for the three months ended March 31, 2025, and the year ended December 31, 2024:

 

          
(Dollars in thousands)  March 31,
2025
  December 31, 2024
Balance, beginning of period  $87   $157 
Additions         1,330 
Proceeds from sales   (30)   (1,474)
Adjustment of carrying value         (9)
Net gains from sales         83 
Balance, end of period  $57   $87 

 

As of March 31, 2025 five loans secured by residential real estate, totaling $197,000 were in the process of foreclosure.