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Note 4 - Foreclosed Properties | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Real Estate Disclosure [Text Block] |
NOTE 4. | FORECLOSED PROPERTIES
Other real estate and certain other assets acquired in foreclosure are carried at the lower of the recorded investment in the loan or fair value less estimated costs to sell the property. An analysis of foreclosed properties for the years ended December 31, 2024, 2023 and 2022 follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In Thousands) |
Balance at beginning of year |  | $ | 995 |  |  | $ | 248 |  |  | $ | 1,208 |
Transfers from loans and capitalized expenses |  |  | 4,514 |  |  |  | 933 |  |  |  | 1,046 |
Foreclosed properties sold |  |  | (3,024 | ) |  |  | (158 | ) |  |  | (2,282 | )
Write downs and partial liquidations |  |  | 46 |  |  |  | (28 | ) |  |  | 276 |
Balance at end of year |  | $ | 2,531 |  |  | $ | 995 |  |  | $ | 248 |

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