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Other Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2022
Other Real Estate Owned [Abstract]  
Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

(in thousands)
 
2022
   
2021
 
Beginning balance of other real estate owned
 
$
3,486
   
$
7,694
 
New assets acquired
   
2,433
     
1,166
 
Capitalized costs
    73       0  
Fair value adjustments
   
(285
)
   
(857
)
Sale of assets
   
(2,036
)
   
(4,517
)
Ending balance of other real estate owned
 
$
3,671
   
$
3,486
 
Major Classifications of Foreclosed Properties

The major classifications of foreclosed properties are shown in the following table:

(in thousands)
December 31
 
2022
   
2021
 
1-4 family
 
$
859
   
$
1,130
 
Construction/land development/other
   
867
     
480
 
Multifamily
   
0
     
88
 
Non-farm/non-residential
   
1,945
     
1,788
 
Total foreclosed properties
 
$
3,671
   
$
3,486