Other Real Estate Owned

9 Months Ended

Sep. 30, 2023

Real Estate [Abstract]

Other Real Estate Owned

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 the lower of the carrying amount of the underlying loan or the fair value of the real estate less costs to sell. The following table summarizes the other real estate owned for the three and nine months ended September 30, 2023 and 2022: 

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Balance at beginning of period	$	1,974	$	9,398	$	5,794	$	9,777
Transfers from loans	64		421		657		984
Transfers to other assets	(75)		—		(75)		—
Proceeds from sale of other real estate owned	(537)		(4,335)		(5,692)		(4,753)
Gain on sale of other real estate owned	93		483		835		353
Write-downs and partial liquidations	(15)		(48)		(15)		(442)
Balance at end of period	$	1,504	$	5,919	$	1,504	$	5,919

Foreclosed residential real estate properties totaled $726 and $840 as of September 30, 2023 and December 31, 2022, respectively. The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $5,090 and $2,653 as of September 30, 2023 and December 31, 2022, respectively.