Other Real Estate Acquired in Settlement of Loans (Tables)

3 Months Ended

Mar. 31, 2022

Other Real Estate [Abstract]

Schedule of Summary of Real Estate and Other Assets Acquired in Settlement of Loans

	March 31,		December 31,
(in thousands)	2022		2021
Commercial	$	—	$	643
Real estate construction - commercial	10,094		10,166
Real estate mortgage - residential	117		117
Real estate mortgage - commercial	2,458		2,510
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

Schedule of Changes in the Net Carrying Amount of Other Real Estate Owned

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)	2022		2021
Balance at beginning of period	$	13,436	$	14,905
Additions net of (charge-offs)	(52)		30
Proceeds from sales	(723)		(108)
Net gain on sales	8		15
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

Schedule of Summary of Activity in Valuation Allowance for Other Real Estate Owned

Activity in the valuation allowance for other real estate owned was as follows for the periods indicated:

	Three Months Ended March 31,
(in thousands)	2022		2021
Balance, beginning of period	$	2,911	$	2,614
Provision for other real estate owned	—		88
Balance, end of period	$	2,911	$	2,702