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Other Real Estate Owned
 6 Months Ended
Jun. 30, 2024
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:
 
June 30, 2024December 31, 2023
Residential real estate$1,004 $1,211 
Commercial real estate6,336 8,407 
Residential land development19 4 
Commercial land development7 — 
Total$7,366 $9,622 

Changes in the Company’s OREO were as follows:
 
Total
OREO
Balance at January 1, 2024$9,622 
Transfers of loans1,135 
Impairments(67)
Dispositions(1,052)
Other(2,272)
Balance at June 30, 2024$7,366 

At June 30, 2024 and December 31, 2023, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $2,182 and $395, 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 EndedSix Months Ended
 June 30,June 30,
 2024202320242023
Repairs and maintenance$147 $28 $211 $44 
Property taxes and insurance23 11 52 122 
Impairments39 8 67 8 
Net (gains) losses on OREO sales(102)6 (115)(89)
Rental income(2)(2)(3)(4)
Total$105 $51 $212 $81