XML 46 R33.htm IDEA: XBRL DOCUMENT v3.23.1
Other Real Estate Owned (Notes)
 12 Months Ended
Dec. 31, 2022
Real Estate [Abstract]  
Real Estate Owned

NOTE 24. Other Real Estate Owned

The following table is a summary of other real estate owned ("OREO") activity for the twelve months ended December 31, 2022 and 2021:

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Balance, beginning

 

$

—

 

 

$

607

 

Net loans transferred to OREO

 

 

108

 

 

 

266

 

Gain on foreclosure

 

 

—

 

 

 

—

 

Sales

 

 

—

 

 

 

(781

)

Valuation adjustments

 

 

—

 

 

 

(92

)

Balance, ending

 

$

108

 

 

$

—

 

 

The major classifications of other real estate owned in the consolidated balance sheets at December 31, 2022 and 2021 were as follows:

 

 

 

As of

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Construction and Farmland

 

$

—

 

 

$

—

 

Residential Real Estate

 

 

108

 

 

 

—

 

Commercial Real Estate

 

 

—

 

 

 

—

 

Subtotal

 

$

108

 

 

$

—

 

Less valuation allowance

 

 

—

 

 

 

—

 

Total

 

$

108

 

 

$

—

 

 

There were no loans in the process of foreclosure at December 31, 2022 and December 31, 2021.