XML 23 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Other Real Estate Owned
3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024: 
Three Months Ended March 31,
 20252024
Balance at beginning of period$4,409 $3,192 
Transfers from loans2,067 753 
Proceeds from sale of other real estate owned(2,668)(389)
(Loss) gain on sale of other real estate owned(482)57 
Balance at end of period$3,326 $3,613 
Included within the other real estate owned balance above, foreclosed residential real estate properties totaled $1,797 and $2,880 as of March 31, 2025 and December 31, 2024, respectively.
The recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $5,777 and $7,652 as of March 31, 2025 and December 31, 2024, respectively.