Other Real Estate (Tables)

3 Months Ended

Mar. 31, 2024

Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]

Changes and Gains (Losses), Net on Other Real Estate

For the periods presented, changes and gains (losses), net on other real estate were as follows ($ in thousands):

	Three Months Ended March 31,
	2024			2023
Balance at beginning of period	$	6,867		$	1,986
Additions		2,228			300
Disposals		(957	)		(542	)
(Write-downs) recoveries		(518	)		(60	)
Balance at end of period	$	7,620		$	1,684
Gains (losses), net on the sale of other real estate included in    other real estate expense	$	(55	)	$	(77	)

Other Real Estate, by Type of Property

At March 31, 2024 and December 31, 2023, other real estate by type of property consisted of the following ($ in thousands):

	March 31, 2024		December 31, 2023
1-4 family residential properties	$	3,619	$	1,977
Nonfarm, nonresidential properties		3,946		4,835
Other real estate properties		55		55
Total other real estate	$	7,620	$	6,867

Other Real Estate, by Geographic Location

At March 31, 2024 and December 31, 2023, other real estate by geographic location consisted of the following ($ in thousands):

	March 31, 2024		December 31, 2023
Alabama	$	1,050	$	1,397
Florida		71		—
Mississippi (1)		2,870		1,242
Tennessee (2)		86		—
Texas		3,543		4,228
Total other real estate	$	7,620	$	6,867

(1)Mississippi includes Central and Southern Mississippi Regions.

(2)Tennessee includes Memphis, Tennessee and Northern Mississippi Regions.