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Other Real Estate Owned (Notes)
3 Months Ended
Mar. 31, 2022
Real Estate [Abstract]  
Real Estate Owned

NOTE 11. Other Real Estate Owned

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

 

 

 

Three Months Ended

 

 

Year Ended

 

 

Three Months Ended

 

 

 

March 31,

 

 

December 31,

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

2021

 

 

 

(in thousands)

 

Balance, beginning

 

$

 

 

$

607

 

 

$

607

 

Transfer from loans

 

 

 

 

 

266

 

 

 

73

 

Gain on foreclosures

 

 

 

 

 

 

 

 

 

Sales

 

 

 

 

 

(781

)

 

 

(165

)

Valuation adjustments

 

 

 

 

 

(92

)

 

 

 

Balance, ending

 

$

 

 

$

 

 

$

515

 

 

 

 

There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure at March 31, 2022 and   December 31, 2021.