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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Other real estate owned (OREO) covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | The following table provides details of the Company’s other real estate owned (“OREO”), net of valuation allowances and direct write-downs, as of the dates presented:
|  |  |  |  | Total OREO
December 31, 2022 |  |  |  |  |
Residential real estate |  |  |  |  | $ | 699 |
Commercial real estate |  |  |  |  | 62 |
Residential land development |  |  |  |  | 246 |
Commercial land development |  |  |  |  | 756 |
Total |  |  |  |  | $ | 1,763 |
December 31, 2021 |  |  |  |  |
Residential real estate |  |  |  |  | $ | 259 |
Commercial real estate |  |  |  |  | 761 |
Residential land development |  |  |  |  | 305 |
Commercial land development |  |  |  |  | 1,215 |
Total |  |  |  |  | $ | 2,540 |
Changes in Company’s OREO | Changes in the Company’s OREO were as follows for the periods presented:
|  |  |  |  | Total OREO
Balance at December 31, 2020 |  |  |  |  | $ | 5,972 |
Transfers of loans |  |  |  |  | 3,180 |
Impairments |  |  |  |  | (306) |
Dispositions |  |  |  |  | (6,166) |
Other |  |  |  |  | (140) |
Balance at December 31, 2021 |  |  |  |  | $ | 2,540 |
Transfers of loans |  |  |  |  | 2,207 |
Impairments |  |  |  |  | (110) |
Dispositions |  |  |  |  | (2,875) |
Other |  |  |  |  | 1 |
Balance at December 31, 2022 |  |  |  |  | $ | 1,763 |
Components of OREO in the consolidated statements of income | Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows, as of the dates presented:
| December 31,
| 2022 |  | 2021 |  | 2020
Repairs and maintenance | $ | 54 |  |  | $ | 79 |  |  | $ | 279 |
Property taxes and insurance | 93 |  |  | 69 |  |  | 364 |
Impairments | 110 |  |  | 306 |  |  | 2,160 |
Net gains on OREO sales | (703) |  |  | (176) |  |  | (23) |
Rental income | (7) |  |  | (25) |  |  | (26) |
Total | $ | (453) |  |  | $ | 253 |  |  | $ | 2,754 |

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- Definition Components of other real estate owned in the consolidated statements of income. + References No definition available. + Details
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- Definition Other Real Estate Owned. + References No definition available. + Details
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- Definition Tabular disclosure of the change in other real estate on properties owned. Excludes real estate assets taken in settlement of troubled loans through surrender or foreclosure by banks. + References No definition available. + Details
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