XML 24 R15.htm IDEA: XBRL DOCUMENT v3.23.1
Other Real Estate Owned
 3 Months Ended
Mar. 31, 2023
Repossessed Assets [Abstract]  
Other Real Estate Owned Other Real Estate Owned
Other real estate owned is a category of real estate owned by the Company as a result of a default by the borrower. Information with respect to the Company’s other real estate owned is reflected in the following table:

Three Months Ended March 31,
20232022
Beginning balance$12.7 $2.0 
Acquired through acquisition — 15.8 
Additions0.8 — 
Valuation adjustments(0.1)— 
Dispositions— (0.3)
Ending balance$13.4 $17.5 
The carrying value of foreclosed residential real estate properties included in other real estate owned was $0.6 million as of March 31, 2023 and was not material as of December 31, 2022. The Company had $0.3 million and no material recorded investments in consumer mortgage loans secured by residential real estate for which formal foreclosure proceedings were in process of foreclosure as of March 31, 2023 and December 31, 2022, respectively.