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Other Real Estate Owned
 3 Months Ended
Mar. 31, 2023
Real Estate [Abstract]  
Other Real Estate Owned Other Real Estate Owned
(In Thousands)

The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-downs, as of the dates presented:
 
March 31, 2023December 31, 2022
Residential real estate$551 $699 
Commercial real estate3,507 62 
Residential land development4 246 
Commercial land development756 756 
Total$4,818 $1,763 

Changes in the Company’s OREO were as follows:
 
Total
OREO
Balance at January 1, 2023$1,763 
Transfers of loans3,623 
Dispositions(552)
Other(16)
Balance at March 31, 2023$4,818 

At March 31, 2023 and December 31, 2022, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $392 and $375, respectively.
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented:
 
Three Months Ended
 March 31,
 20232022
Repairs and maintenance$16 $3 
Property taxes and insurance111 35 
Impairments— 14 
Net gains on OREO sales(95)(291)
Rental income(2)(2)
Total$30 $(241)