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Other Real Estate Acquired in Settlement of Loans
 3 Months Ended
Mar. 31, 2022
Other Real Estate [Abstract]  
Other Real Estate Acquired in Settlement of Loans Other Real Estate Acquired in Settlement of Loans
March 31,December 31,
(in thousands)20222021
Commercial$— $643 
Real estate construction - commercial10,09410,166
Real estate mortgage - residential117117
Real estate mortgage - commercial2,4582,510
Total$12,669 $13,436 
Less valuation allowance for other real estate owned(2,911)(2,911)
Total other real estate owned$9,758 $10,525 
Changes in the net carrying amount of other real estate owned were as follows for the periods indicated:
Three Months Ended March 31,
(in thousands)20222021
Balance at beginning of period$13,436$14,905
Additions net of (charge-offs)(52)30
Proceeds from sales(723)(108)
Net gain on sales815
Total other real estate owned$12,669$14,842
Less valuation allowance for other real estate owned(2,911)(2,702)
Balance at end of period$9,758$12,140
At March 31, 2022, $0.2 million of consumer mortgage loans secured by residential real estate properties were in the process of foreclosure compared to $0.2 million of consumer mortgage loans at December 31, 2021.
Activity in the valuation allowance for other real estate owned was as follows for the periods indicated:
Three Months Ended March 31,
(in thousands)20222021
Balance, beginning of period$2,911$2,614
Provision for other real estate owned —88
Balance, end of period$2,911$2,702