Other Real Estate and Other Assets Acquired in Settlement of Loans (Tables)

9 Months Ended

Sep. 30, 2022

Other Real Estate [Abstract]

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

	September 30,		December 31,
(in thousands)	2022		2021
Commercial	$	—	$	643
Real estate construction - commercial	10,094		10,166
Real estate mortgage - residential	86		117
Real estate mortgage - commercial	1,639		2,510
Repossessed assets	55		—
Total	$	11,874	$	13,436
Less valuation allowance for other real estate owned	(2,664)		(2,911)
Total other real estate owned and repossessed assets	$	9,210	$	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 and repossessed assets were as follows for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Balance at beginning of period	$	11,819	$	14,552	$	13,436	$	14,905
Additions net of (charge-offs)	55		112		3		142
Proceeds from sales	—		(423)		(1,348)		(747)
Charge-offs against the valuation allowance for other real estate owned, net	—		(470)		(219)		(554)
Net gain on sales	—		—		2		25
Total other real estate owned	11,874		13,771		11,874		13,771
Less valuation allowance for other real estate owned	(2,664)		(2,157)		(2,664)		(2,157)
Balance at end of period	$	9,210	$	11,614	$	9,210	$	11,614

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 September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Balance at beginning of period	$	2,664	$	2,614	$	2,911	$	2,614
Provision for other real estate owned	—		13		(28)		97
Charge-offs	—		(470)		(219)		(554)
Balance at end of period	$	2,664	$	2,157	$	2,664	$	2,157