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Other Real Estate Owned and Bank Premises Held for Sale
3 Months Ended
Mar. 31, 2022
Other Real Estate Owned and Bank Premises Held for Sale  
Other Real Estate Owned and Bank Premises Held for Sale

Note 8 — Other Real Estate Owned and Bank Premises Held for Sale

The following is a summary of information pertaining to OREO and Bank Premises Held for Sale:

(Dollars in thousands)

OREO

Bank Premises Held For Sale

Total

Balance, December 31, 2021

    

$

2,736

$

9,578

$

12,314

Additions, net

1,151

1,260

2,411

Write-downs

(67)

(128)

(195)

Sold

(530)

(4,293)

(4,823)

Balance, March 31, 2022

$

3,290

$

6,417

$

9,707

At March 31, 2022, there were a total of 15 properties included in OREO compared to 12 properties at December 31, 2021. At March 31, 2022, there were a total of 8 properties included in bank premises held for sale which compares to 9 properties included in premises held for sale, at December 31, 2021. At March 31, 2022, we had $717,000 in residential real estate included in OREO and $4.6 million in residential real estate consumer mortgage loans in the process of foreclosure.