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Other Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2023
Real Estate [Abstract] |
Schedule of 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:
| September 30, 2023 |  | December 31, 2022
Residential real estate | $ | 1,045 |  |  | $ | 699 |
Commercial real estate | 8,182 |  |  | 62 |
Residential land development | 4 |  |  | 246 |
Commercial land development | 27 |  |  | 756 |
Total | $ | 9,258 |  |  | $ | 1,763 |
Schedule of 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 | 10,073 |
Impairments | (18) |
Dispositions | (2,544) |
Other | (16) |
Balance at September 30, 2023 | $ | 9,258 |
Schedule of 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 |  | Nine Months Ended
| September 30, |  | September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Repairs and maintenance | $ | 51 |  |  | $ | 24 |  |  | $ | 95 |  |  | $ | 44 |
Property taxes and insurance | 20 |  |  | 7 |  |  | 142 |  |  | 69 |
Impairments | 10 |  |  | 59 |  |  | 18 |  |  | 110 |
Net gains on OREO sales | (200) |  |  | (54) |  |  | (289) |  |  | (611) |
Rental income | (1) |  |  | (2) |  |  | (5) |  |  | (6) |
Total | $ | (120) |  |  | $ | 34 |  |  | $ | (39) |  |  | $ | (394) |

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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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