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Other Real Estate Owned, net (Tables)
3 Months Ended
Mar. 31, 2023
Other Real Estate Owned, Net [Abstract]  
Components of OREO, Net of Related Valuation Allowance

​

​

​

​

​

​

​

​

(in thousands)

    

March 31,
2023

    

December 31,
2022

Acquisition and development

​

$

4,598

​

$

4,670

Residential mortgage

​

​

—

​

​

63

Total OREO, net

​

$

4,598

​

$

4,733

​

Schedule of Activity in OREO Valuation Allowance

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

March 31,

(in thousands)

    

2023

    

2022

Balance beginning of period

​

$

453

​

$

453

Fair value adjustment

​

​

32

​

​

—

Sales of OREO

​

​

(148)

​

​

—

Balance at end of period

​

$

337

​

$

453

​

Schedule of Components of OREO Expenses, Net

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

March 31,

(in thousands)

    

2023

    

2022

Gains on sale of real estate, net

​

$

(36)

​

$

—

Fair value adjustment, net

​

​

32

​

​

—

Expenses, net

​

​

129

​

​

96

Rental and other income

​

​

(1)

​

​

(1)

Total OREO expenses, net

​

$

124

​

$

95