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OTHER REAL ESTATE OWNED
 9 Months Ended
Sep. 30, 2021
Real Estate Owned Disclosure Of Detailed Components [Abstract]  
OTHER REAL ESTATE OWNED [Text Block] NOTE 10 – OTHER REAL ESTATE OWNED

The following table presents the OREO inventory as of the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2021

 

2020

 

(In thousands)

 

 

 

OREO

 

 

 

 

 

 

OREO balances, carrying value:

 

 

 

 

 

 

 

Residential (1)

$

29,707

 

$

32,418

 

 

Commercial

 

9,695

 

 

44,356

 

 

Construction

 

4,396

 

 

6,286

 

 

Total

$

43,798

 

$

83,060

 

 

 

 

(1)

Excludes $19.6 million and $18.6 million as of September 30, 2021 and December 31, 2020, respectively, of foreclosures that meet the conditions of ASC Subtopic 310-40 "Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure," and are presented as a receivable as part of other assets in the consolidated statements of financial condition.