OTHER REAL ESTATE OWNED (OREO)

6 Months Ended

Jun. 30, 2022

OTHER REAL ESTATE OWNED ("OREO")

OTHER REAL ESTATE OWNED ("OREO")

NOTE 7 - OTHER REAL ESTATE OWNED (“OREO”)

The following table presents the activity related to OREO at or for the three and six months ended June 30, 2022 and 2021:

	At or For the Three Months Ended				At or For the Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Beginning balance	$	—	$	—	$	—	$	90
Additions		145		—		145		—
Gross proceeds from sale of OREO		—		—		—		(81)
Loss on sale of OREO		—		—		—		(9)
Ending balance	$	145	$	—	$	145	$	—

There was one OREO property at June 30, 2022 and none at June 30, 2021.  There were no OREO holding costs for the three and six months ended June 30, 2022 and 2021.

There was $482,000 in portfolio mortgage loans collateralized by residential real estate property in the process of foreclosure at June 30, 2022.