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Other Real Estate Acquired in Settlement of Loans
 12 Months Ended
Dec. 31, 2022
Other Real Estate [Abstract]  
Other Real Estate Acquired in Settlement of Loans Other Real Estate Acquired in Settlement of Loans
(in thousands)20222021
Commercial$— $643 
Real estate construction - commercial10,094 10,166 
Real estate mortgage - residential179 117 
Real estate mortgage - commercial1,186 2,510 
Total$11,459 $13,436 
Less valuation allowance for other real estate owned(2,664)(2,911)
Total other real estate owned$8,795 $10,525 
Changes in the net carrying amount of other real estate owned for the years indicated:
Balance at December 31, 2020
$14,905 
Additions723 
Proceeds from sales(1,551)
Charge-offs against the valuation allowance for other real estate owned, net(668)
Net gain on sales27 
Balance at December 31, 2021
$13,436 
Additions162 
Proceeds from sales(2,176)
Charge-offs against the valuation allowance for other real estate owned, net(218)
Net gain on sales255 
Total other real estate owned$11,459 
Less valuation allowance for other real estate owned(2,664)
Balance at December 31, 2022
$8,795 
At December 31, 2022, no consumer mortgage loans secured by residential real estate properties were in the process of foreclosure compared to $0.2 million of consumer mortgage loans in the process of foreclosure at December 31, 2021.
Activity in the valuation allowance for other real estate owned in settlement of loans for the years indicated was as follows:
(in thousands)202220212020
Balance, beginning of period$2,911 $2,614 $2,956 
(Release of) provision for other real estate owned (29)965 5 
Charge-offs(218)(668)(347)
Balance, end of period$2,664 $2,911 $2,614