Other Real Estate Acquired in Settlement of Loans (Tables)

12 Months Ended

Dec. 31, 2022

Other Real Estate [Abstract]

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

(in thousands)	2022		2021
Commercial	$	—	$	643
Real estate construction - commercial	10,094		10,166
Real estate mortgage - residential	179		117
Real estate mortgage - commercial	1,186		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

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

Changes in the net carrying amount of other real estate owned for the years indicated:

Balance at December 31, 2020	$	14,905
Additions	723
Proceeds from sales	(1,551)
Charge-offs against the valuation allowance for other real estate owned, net	(668)
Net gain on sales	27
Balance at December 31, 2021	$	13,436
Additions	162
Proceeds from sales	(2,176)
Charge-offs against the valuation allowance for other real estate owned, net	(218)
Net gain on sales	255
Total other real estate owned	$	11,459
Less valuation allowance for other real estate owned	(2,664)
Balance at December 31, 2022	$	8,795

Schedule of Activity in Valuation Allowance for Other Real Estate Owned

Activity in the valuation allowance for other real estate owned in settlement of loans for the years indicated was as follows:

(in thousands)	2022		2021		2020
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