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Other real estate owned | 6 Months Ended
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Jun. 30, 2022
Other Real Estate [Abstract] |
Other Real Estate Owned | Note 11 – Other real estate owned The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters and six months ended June 30, 2022 and 2021.
|  | For the quarter ended June 30, 2022
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 15,468 | $ | 75,099 | $ | 90,567
Write-downs in value |  | (486) |  | (245) |  | (731)
Additions |  | 832 |  | 20,663 |  | 21,495
Sales |  | (1,564) |  | (17,502) |  | (19,066)
Other adjustments |  | - |  | (128) |  | (128)
Ending balance | $ | 14,250 | $ | 77,887 | $ | 92,137
|  | For the quarter ended June 30, 2021
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 15,085 | $ | 56,975 | $ | 72,060
Write-downs in value |  | (157) |  | (549) |  | (706)
Additions |  | 2,125 |  | 17,067 |  | 19,192
Sales |  | (2,653) |  | (14,519) |  | (17,172)
Other adjustments |  | 181 |  | (283) |  | (102)
Ending balance | $ | 14,581 | $ | 58,691 | $ | 73,272
|  | For the six months ended June 30, 2022
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 15,017 | $ | 70,060 | $ | 85,077
Write-downs in value |  | (850) |  | (573) |  | (1,423)
Additions |  | 3,519 |  | 39,903 |  | 43,422
Sales |  | (3,544) |  | (31,045) |  | (34,589)
Other adjustments |  | 108 |  | (458) |  | (350)
Ending balance | $ | 14,250 | $ | 77,887 | $ | 92,137
|  | For the six months ended June 30, 2021
|  | OREO |  | OREO |  |
(In thousands) |  | Commercial/Construction |  | Mortgage |  | Total
Balance at beginning of period | $ | 13,214 | $ | 69,932 | $ | 83,146
Write-downs in value |  | (464) |  | (1,519) |  | (1,983)
Additions |  | 5,975 |  | 18,940 |  | 24,915
Sales |  | (4,325) |  | (28,379) |  | (32,704)
Other adjustments |  | 181 |  | (283) |  | (102)
Ending balance | $ | 14,581 | $ | 58,691 | $ | 73,272

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- References No definition available. + Details
Name: | us-gaap_OtherRealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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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
Name: | us-gaap_RealEstateOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration