FORECLOSED ASSETS

12 Months Ended

Dec. 31, 2025

FORECLOSED ASSETS [Abstract]

FORECLOSED ASSETS

5.  FORECLOSED ASSETS

Foreclosed assets activity was as follows for the periods presented below (dollars in thousands):

	For the Year Ended December 31,
	2025			2024			2023
Beginning balance	$	530		$	912		$	169
Additions		3,568			1,927			2,302
Sales, net		(2,249	)		(2,201	)		(1,417	)
Current year valuation write-down		(100	)		(108	)		(142	)
Ending balance	$	1,749		$	530		$	912

Activity in the valuation allowance was as follows (dollars in thousands):

	For the Year Ended December 31,
	2025		2024			2023
Beginning balance	$	108	$	142		$	—
Current year valuation write-down		100		108			142
Reduction from sales		—		(142	)		—
Ending balance	$	208	$	108		$	142

Net expenses related to foreclosed assets include the following for the periods presented below (dollars in thousands):

	For the Year Ended December 31,
	2025		2024		2023
Net loss on sales	$	2	$	25	$	—
Current year valuation write-down		100		108		142
Operating expenses, net of rental income		61		136		42
Foreclosed assets expense, net	$	163	$	269	$	184