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Other Real Estate Owned
 6 Months Ended
Jun. 30, 2023
Repossessed Assets [Abstract]  
Other Real Estate Owned Other Real Estate Owned
Other real estate owned (“OREO”) 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 OREO is reflected in the following table:

Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Beginning balance$13.4 $17.5 $12.7 $2.0 
Acquired through acquisition — — — 15.8 
Additions1.7 0.1 2.5 0.1 
Valuation adjustments(0.7)— (0.8)— 
Dispositions— (0.8)— (1.1)
Ending balance$14.4 $16.8 $14.4 $16.8 
The carrying value of foreclosed residential real estate properties included in OREO was $1.1 million as of June 30, 2023 and was not material as of December 31, 2022. The Company had $0.4 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 June 30, 2023 and December 31, 2022, respectively.