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Other Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2021
Real Estate [Abstract]  
Change in Other Real Estate Owned

The following table presents the change in other real estate owned (“OREO”) for the years ended December 31, 2021, 2020 and 2019:

 

 

2021

 

 

2020

 

 

2019

 

Beginning balance

 

$

6,350

 

 

$

9,896

 

 

$

5,041

 

Acquisition of OREO through business combination

 

 

—

 

 

 

—

 

 

 

2,201

 

Net additions to OREO

 

 

571

 

 

 

150

 

 

 

5,910

 

Proceeds from sales of OREO

 

 

(4,285

)

 

 

(2,313

)

 

 

(3,173

)

Gains (losses) on sales of OREO

 

 

390

 

 

 

(39

)

 

 

428

 

Valuation adjustments

 

 

(914

)

 

 

(1,344

)

 

 

(511

)

Ending balance

 

$

2,112

 

 

$

6,350

 

 

$

9,896