Other Real Estate Owned (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2023		December 31, 2022
Residential real estate	$	459	$	699
Commercial real estate	3,481		62
Residential land development	448		246
Commercial land development	732		756
Total	$	5,120	$	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	4,119
Impairments	(8)
Dispositions	(738)
Other	(16)
Balance at June 30, 2023	$	5,120

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				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Repairs and maintenance	$	28	$	17	$	44	$	20
Property taxes and insurance	11		27		122		62
Impairments	8		37		8		51
Net losses (gains) on OREO sales	6		(266)		(89)		(557)
Rental income	(2)		(2)		(4)		(4)
Total	$	51	$	(187)	$	81	$	(428)