Other Real Estate Owned and Bank Premises Held for Sale

9 Months Ended

Sep. 30, 2023

Other Real Estate Owned and Bank Premises Held for Sale

Other Real Estate Owned and Bank Premises Held for Sale

Note 8 — Other Real Estate Owned and Bank Premises Held for Sale

The following is a summary of information pertaining to OREO and Bank Premises Held for Sale:

(Dollars in thousands)	OREO		Bank Properties Held for Sale		Total
Balance, December 31, 2022	$	1,023	$	17,754	$	18,777
Additions, net		3,298		2,073		5,371
Write-downs		—		(1,525)		(1,525)
Sold		(3,887)		(3,051)		(6,938)
Balance, September 30, 2023	$	434	$	15,251	$	15,685

At September 30, 2023, there were a total of five properties included in OREO compared to six properties at December 31, 2022. At September 30, 2023, there were a total of 14 properties included in bank premises held for sale which compares to 17 properties included in premises held for sale, at December 31, 2022. At September 30, 2023, we had $416,000 in residential real estate included in OREO and $4.1 million in residential real estate consumer mortgage loans in the process of foreclosure.