Real Estate Owned

12 Months Ended

Dec. 31, 2023

Real Estate Owned

Note 19 – Real Estate Owned

Real estate owned activity was as follows (dollars in thousands):

	Year Ended December 31, 2023		Year Ended December 31, 2022
Beginning balance	$	—	$	—
Foreclosures and additions		3,000		0
Impairments		—		—
Sales		—		0
Ending balance	$	3,000	$	—

At both December 31, 2023, and 2022, the balance of real estate owned includes no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property. At December 31, 2023, and 2022, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process is $0 and $17,000, respectively.