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Other Real Estate Owned (Tables) | 12 Months Ended
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Dec. 31, 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:
| December 31, 2023 |  | December 31, 2022
Residential real estate | $ | 1,211 |  |  | $ | 699 |
Commercial real estate | 8,407 |  |  | 62 |
Residential land development | 4 |  |  | 246 |
Commercial land development | — |  |  | 756 |
Total | $ | 9,622 |  |  | $ | 1,763 |
Schedule of changes in Company’s OREO | Changes in the Company’s OREO were as follows for the periods presented:
|  | Total OREO
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 |
Transfers of loans |  | 10,738 |
Impairments |  | (18) |
Dispositions |  | (2,840) |
Other |  | (21) |
Balance at December 31, 2023 |  | $ | 9,622 |
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, as of the dates presented:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Repairs and maintenance | $ | 103 |  |  | $ | 54 |  |  | $ | 79 |
Property taxes and insurance | 427 |  |  | 93 |  |  | 69 |
Impairments | 18 |  |  | 110 |  |  | 306 |
Net gains on OREO sales | (275) |  |  | (703) |  |  | (176) |
Rental income | (6) |  |  | (7) |  |  | (25) |
Total | $ | 267 |  |  | $ | (453) |  |  | $ | 253 |

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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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