Other Real Estate Owned & Repossessed Assets

12 Months Ended

Dec. 31, 2025

Real Estate [Abstract]

Other Real Estate Owned & Repossessed Assets

NOTE 24. Other Real Estate Owned & Repossessed Assets

The following table is a summary of other real estate owned ("OREO") and repossessed asset activity for the twelve months ended December 31, 2025 and 2024.

	For the Year Ended						For the Year Ended
	December 31, 2025						December 31, 2024
	Other Real Estate Owned			Repossessed Assets			Other Real Estate Owned		Repossessed Assets
	(in thousands)
Balance, beginning	$	—		$	514		$	—	$	304
Transfer from loans		305			1,346			—		525
Sales proceeds		(254	)		(1,422	)		—		(111	)
Loss on sales		(51	)		(252	)		—		(204	)
Valuation adjustments		—			(51	)		—		—
Balance, ending	$	—		$	135		$	—	$	514

The classifications of OREO and repossessed assets in the consolidated balance sheets at December 31, 2025 and 2024 were as follows:

	As of December 31,
	2025		2024
	(in thousands)
Other Real Estate Owned:
Construction and Farmland	$	—	$	—
Residential Real Estate		—		—
Commercial Real Estate		—		—
Less valuation allowance		—		—
Other Real Estate Subtotal	$	—	$	—
Repossessed Assets:
Marine Vessels	$	186	$	514
Less valuation allowance		51		—
Repossessed Asset Subtotal	$	135	$	514
Total	$	135	$	514

There were no real estate loans in the process of foreclosure at December 31, 2025 and December 31, 2024.