XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Other Real Estate Owned
 3 Months Ended
Mar. 31, 2025
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, 2025December 31, 2024
Residential real estate$3,160 $2,966 
Commercial real estate5,468 5,681 
Residential land development19 19 
Commercial land development7 7 
Total$8,654 $8,673 

Changes in the Company’s OREO were as follows:
 
Total
OREO
Balance at January 1, 2025$8,673 
Transfers of loans1,296 
Impairments(564)
Dispositions(744)
Other(7)
Balance at March 31, 2025$8,654 

At March 31, 2025 and December 31, 2024, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $2,380 and $505, 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,
 20252024
Repairs and maintenance$74 $64 
Property taxes and insurance49 29 
Impairments564 28 
Net gains on OREO sales(2)(13)
Rental income— (1)
Total$685 $107