Other Real Estate Owned

6 Months Ended

Jun. 30, 2022

Other real estate owned

The amount reported as other real estate owned includes property acquired through foreclosure in addition to excess facilities held for sale and is carried at fair value less estimated cost to sell the property. The following table summarizes the other real estate owned for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Balance at beginning of period	$	9,721	$	11,177	$	9,777	$	12,111
Transfers from loans	—		3,201		563		4,596


Proceeds from sale of other real estate owned	(297)		(2,166)		(418)		(4,661)
(Loss) gain on sale of other real estate owned	(26)		272		(130)		1,100
Loans provided for sales of other real estate owned	—		(203)		—		(533)
Write-downs and partial liquidations	—		(295)		(394)		(627)

Balance at end of period	$	9,398	$	11,986	$	9,398	$	11,986

Foreclosed residential real estate properties totaled $970 and $775 as of June 30, 2022 and December 31, 2021, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $419 at June 30, 2022. As of December 31, 2021, there were no such residential foreclosure proceedings in process.

Excess land and facilities held for sale resulting from branch consolidations totaled $2,980 and $3,348 as of June 30, 2022 and December 31, 2021, respectively.