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OTHER REAL ESTATE OWNED (Tables)
3 Months Ended
Mar. 31, 2022
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Schedule Of Other Real Estate Assets And Foreclosed Properties [Table Text Block]

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

 

 

 

 

 

 

 

 

 

March 31,

 

 

December 31,

 

 

2022

 

2021

(In thousands)

 

 

 

 

 

OREO

 

 

 

 

 

OREO balances, carrying value:

 

 

 

 

 

 

Residential (1)

$

32,208

 

$

29,533

 

Commercial

 

7,228

 

 

7,331

 

Construction

 

3,458

 

 

3,984

 

Total

$

42,894

 

$

40,848

 

 

 

 

 

 

 

(1)

Excludes $24.4 million and $22.2 million as of March 31, 2022 and December 31, 2021, 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.