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Other Real Estate Owned | 12 Months Ended
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Dec. 31, 2021
Notes To Financial Statements |
Other Real Estate Owned | 6. Other Real Estate Owned The following table shows the activity in OREO during the periods indicated: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ |  | 2021 |  | 2020 |  | 2019
​ | ​ | (In thousands)
Balance at beginning of year | ​ | $ | — | ​ | $ | 239 | ​ | $ | —
Additions | ​ |  | — | ​ |  | — | ​ |  | 239
Reductions to carrying value | ​ |  | — | ​ |  | (31) | ​ |  | —
Sales | ​ |  | — | ​ |  | (208) | ​ |  | —
Balance at end of year | ​ | $ | — | ​ | $ | — | ​ | $ | 239
​ The following table shows the gross gains, gross losses and write-downs of OREO reported in the Consolidated Statements of Income during the periods presented: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ |  | 2021 |  | 2020 |  | 2019
​ | ​ | (In thousands)
Gross gains | ​ | $ | — | ​ | $ | — | ​ | $ | —
Gross losses | ​ |  | — | ​ |  | (5) | ​ |  | —
Write-down of carrying value | ​ |  | — | ​ |  | (31) | ​ |  | —
Total income | ​ | $ | — | ​ | $ | (36) | ​ | $ | —
​

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- Definition The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
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