Other Real Estate Owned and Bank Premises Held for Sale

12 Months Ended

Dec. 31, 2023

Other Real Estate Owned and Bank Premises Held for Sale

Other Real Estate Owned and Bank Premises Held for Sale

Note 6—Other Real Estate Owned and Bank Premises Held for Sale

The following is a summary of the changes in the carrying value of OREO and Bank Premises Held for Sale:

(Dollars in thousands)	OREO		Bank Properties Held for Sale		Total
Balance, December 31, 2021	$	2,736	$	9,578	$	12,314
Additions, net		1,972		21,003		22,975
Writedowns		(114)		(159)		(273)
Sold		(3,571)		(12,668)		(16,239)
Balance, December 31, 2022	$	1,023	$	17,754	$	18,777
Additions, net		3,801		2,073		5,874
Writedowns		—		(1,571)		(1,571)
Sold		(3,987)		(5,855)		(9,842)
Balance, December 31, 2023	$	837	$	12,401	$	13,238

At December 31, 2023, there were a total of seven properties included in OREO compared to six properties included in OREO at December 31, 2022. At December 31, 2023, there were a total of 11 properties included in bank premises held for sale compared to 17 properties included in premises held for sale at December 31, 2022. At December 31, 2023, the Company had $526,000 in residential real estate included in OREO and $5.7 million in residential real estate consumer mortgage loans in the process of foreclosure.