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Other Real Estate Owned
 12 Months Ended
Dec. 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:
December 31, 2023December 31, 2022
Residential real estate$1,211 $699 
Commercial real estate8,407 62 
Residential land development4 246 
Commercial land development— 756 
Total$9,622 $1,763 
Changes in the Company’s OREO were as follows for the periods presented:
Total
OREO
Balance at December 31, 2021$2,540 
Transfers of loans2,207 
Impairments(110)
Dispositions(2,875)
Other1 
Balance at December 31, 2022$1,763 
Transfers of loans10,738 
Impairments(18)
Dispositions(2,840)
Other(21)
Balance at December 31, 2023$9,622 
At December 31, 2023 and 2022, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $395 and $375, respectively.
Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows, as of the dates presented:
 Year Ended December 31,
 202320222021
Repairs and maintenance$103 $54 $79 
Property taxes and insurance427 93 69 
Impairments18 110 306 
Net gains on OREO sales(275)(703)(176)
Rental income(6)(7)(25)
Total$267 $(453)$253