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OTHER REAL ESTATE OWNED
6 Months Ended
Jun. 30, 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 six months ended June 30, 2025, and the year ended December 31, 2024:

 

          
(Dollars in thousands)  June 30,
2025
  December 31, 2024
Balance, beginning of period  $87   $157 
Additions   14    1,330 
Proceeds from sales   (50)   (1,474)
Adjustment of carrying value         (9)
Net gains from sales   6    83 
Balance, end of period  $57   $87 

 

As of June 30, 2025 four loans secured by residential real estate, totaling $278,000 were in the process of foreclosure.