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Other Real Estate Owned (Tables) | 6 Months Ended
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Jun. 30, 2023
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:
| June 30, 2023 |  | December 31, 2022
Residential real estate | $ | 459 |  |  | $ | 699 |
Commercial real estate | 3,481 |  |  | 62 |
Residential land development | 448 |  |  | 246 |
Commercial land development | 732 |  |  | 756 |
Total | $ | 5,120 |  |  | $ | 1,763 |
Changes in Company’s OREO | Changes in the Company’s OREO were as follows:
| Total OREO
Balance at January 1, 2023 | $ | 1,763 |
Transfers of loans | 4,119 |
Impairments | (8) |
Dispositions | (738) |
Other | (16) |
Balance at June 30, 2023 | $ | 5,120 |
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 for the periods presented:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Repairs and maintenance | $ | 28 |  |  | $ | 17 |  |  | $ | 44 |  |  | $ | 20 |
Property taxes and insurance | 11 |  |  | 27 |  |  | 122 |  |  | 62 |
Impairments | 8 |  |  | 37 |  |  | 8 |  |  | 51 |
Net losses (gains) on OREO sales | 6 |  |  | (266) |  |  | (89) |  |  | (557) |
Rental income | (2) |  |  | (2) |  |  | (4) |  |  | (4) |
Total | $ | 51 |  |  | $ | (187) |  |  | $ | 81 |  |  | $ | (428) |

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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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- References No definition available. + Details
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