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OTHER REAL ESTATE OWNED (OREO) (Tables)
3 Months Ended
Mar. 31, 2025
OTHER REAL ESTATE OWNED (OREO) [Abstract]  
Other Real Estate Owned [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the OREO inventory as of the indicated dates:
March 31, 2025
December 31, 2024
(In thousands)
OREO balances, carrying value:
Residential
(1)
$
11,547
$
12,897
Construction
451
522
Commercial
3,882
3,887
Total
$
15,880
$
17,306
(1)
Excludes $
4.6
 
million and $
5.2
 
million as of
 
March 31, 2025
 
and December 31,
 
2024, respectively,
 
of foreclosures that
 
met 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.