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Other Real Estate and Other Assets Acquired in Settlement of Loans
 3 Months Ended
Mar. 31, 2025
Other Real Estate [Abstract]  
Other Real Estate and Other Assets Acquired in Settlement of Loans Other Real Estate and Other Assets Acquired in Settlement of Loans
March 31,December 31,
(dollars in thousands)20252024
Real estate construction - commercial$2,549 $2,549 
Real estate mortgage - residential2442
Real estate mortgage - commercial98858
Total$2,671 $3,449 
Less valuation allowance for other real estate owned(2,003)(2,003)
Total other real estate owned and repossessed assets$668 $1,446 
At March 31, 2025, there were no consumer mortgage loans secured by residential real estate properties in the process of foreclosure compared to $0.3 million at December 31, 2024.
Activity in the valuation allowance for other real estate owned was as follows for the periods indicated:
Three Months Ended March 31,
(dollars in thousands)20252024
Balance at beginning of period$2,003$5,950
Release of provision for valuation allowance for other real estate owned ——
Charge-offs——
Balance at end of period$2,003$5,950