Other Real Estate Owned (OREO) (Tables)

12 Months Ended

Dec. 31, 2021

Other Real Estate Owned (OREO) [Abstract]

Analysis of the Balance in Foreclosed Assets

The Company holds certain parcels of real estate due to completed foreclosure proceedings on defaulted loans. An analysis of the balance in OREO is as follows:

	Years Ended December 31,
(dollars in thousands)	2021		2020
Balance at beginning of year	$	-	$	-
Transfers to OREO due to foreclosure		-		254
Properties sold		-		(254	)
Balance at end of year	$	-	$	-

Expenses Applicable to Foreclosed Assets

Expenses applicable to OREO include the following:

	Years Ended December 31,
(dollars in thousands)	2021		2020
Net gain on sales of real estate	$	-	$	62
Operating expenses, net of income (1)		-		(20	)
Total Income	$	-	$	42

(1) Included in other operating income and other operating expense on the Consolidated Statements of Income.