Other Real Estate Owned ("OREO") (Tables)

12 Months Ended

Dec. 31, 2022

Real Estate [Abstract]

Analysis of OREO activity

OREO assets are presented net of the valuation allowance. The Company considers OREO as classified assets for regulatory and financial reporting. OREO carrying amounts reflect management’s estimate of the realizable value of these properties. An analysis of the activity follows.

(dollars in thousands)	Years Ended December 31,
	2022		2021
Balance at beginning of year	$	—	$	3,109
Additions of underlying property	—		—
Disposals of underlying property	—		(1,722)
Valuation allowance	—		(1,387)
Balance at end of period	$	—	$	—

Expenses applicable to OREO assets

Expenses applicable to OREO assets included the following.

(dollars in thousands)	Years Ended December 31,
	2022		2021
Valuation allowance	$	—	$	1,387
Losses (gains) on dispositions	—		(17)
Operating expenses	6		86
	$	6	$	1,456