Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2023

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)