Other Real Estate Owned (Tables)

3 Months Ended

Mar. 31, 2023

Real Estate [Abstract]

Other real estate owned (OREO) covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs

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, 2023		December 31, 2022
Residential real estate	$	551	$	699
Commercial real estate	3,507		62
Residential land development	4		246
Commercial land development	756		756
Total	$	4,818	$	1,763

Changes in Company’s OREO

Changes in the Company’s OREO were as follows:

	Total OREO
Balance at January 1, 2023	$	1,763
Transfers of loans	3,623
Dispositions	(552)
Other	(16)
Balance at March 31, 2023	$	4,818

Components of OREO in the consolidated statements of income

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,
	2023		2022
Repairs and maintenance	$	16	$	3
Property taxes and insurance	111		35
Impairments	—		14
Net gains on OREO sales	(95)		(291)
Rental income	(2)		(2)
Total	$	30	$	(241)