Other Real Estate Owned

12 Months Ended

Dec. 31, 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 years ended December 31, 2022, 2021, and 2020:


	Years Ended December 31,
		2022		2021		2020
Balance at beginning of period		$	9,777	$	12,111	$	18,939
Transfers from loans		1,437		5,262		2,746
Transfers to premises and equipment		(351)		—		(841)

Proceeds from sale of other real estate owned		(4,955)		(9,396)		(6,937)
Gain on sale of other real estate owned		328		3,248		354
Loans provided for sales of other real estate owned		—		(704)		(305)
Write-downs and partial liquidations		(442)		(744)		(1,845)

Balance at end of period		$	5,794	$	9,777	$	12,111

Foreclosed residential real estate properties totaled $840 and $775 as of December 31, 2022 and 2021, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $2,653 at December 31, 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 $2,116 and $3,348 as of December 31, 2022 and 2021, respectively.