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Other real estate owned
 6 Months Ended
Jun. 30, 2024
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, 2024 and 2023.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the quarter ended June 30, 2024
OREO
OREO
(In thousands)
Commercial/Construction
Mortgage
Total
Balance at beginning of period
$
15,962
$
64,580
$
80,542
Write-downs in value
(1,039)
(427)
(1,466)
Additions
516
12,146
12,662
Sales
(6,011)
(15,502)
(21,513)
Ending balance
$
9,428
$
60,797
$
70,225
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the quarter ended June 30, 2023
OREO
OREO
(In thousands)
Commercial/Construction
Mortgage
Total
Balance at beginning of period
$
12,388
$
79,333
$
91,721
Write-downs in value
(45)
(269)
(314)
Additions
244
21,155
21,399
Sales
(785)
(25,822)
(26,607)
Other adjustments
17
-
17
Ending balance
$
11,819
$
74,397
$
86,216
 
 
 
 
 
 
 
 
 
 
 
 
 
For the six months ended June 30, 2024
OREO
OREO
(In thousands)
Commercial/Construction
Mortgage
Total
Balance at beginning of period
$
11,189
$
69,227
$
80,416
Write-downs in value
(1,064)
(711)
(1,775)
Additions
5,860
24,782
30,642
Sales
(6,557)
(32,436)
(38,993)
Other adjustments
-
(65)
(65)
Ending balance
$
9,428
$
60,797
$
70,225
 
 
 
 
 
 
 
 
 
 
 
 
 
For the six months ended June 30, 2023
OREO
OREO
(In thousands)
Commercial/Construction
Mortgage
Total
Balance at beginning of period
$
12,500
$
76,626
$
89,126
Write-downs in value
(239)
(1,020)
(1,259)
Additions
1,267
39,830
41,097
Sales
(1,726)
(40,921)
(42,647)
Other adjustments
17
(118)
(101)
Ending balance
$
11,819
$
74,397
$
86,216